Strange
Sydney - Wednesday - April 30: (RWE Australian Business News) -
Batavia Mining (ASX:BTV) has sold its shareholding in Thor Mining.
Batavia has previously announced that it has executed a
definitive agreement to sell its 100pc interest in the Gullewa assets to
Toronto Stock Exchange-listed ATW Venture Corp.
The sale excludes the iron ore rights to the Gullewa tenements,
specifically the Brandy Hill Magnetite Project and the Rocksteady
Hematite Project. The completion of the sale is subject to a number of
conditions including compliance with the ASX listing rules and the
approval of Batavia's shareholders.
As a result of the sale of the Thor shares, Batavia has deferred
the previously announced rights issue.
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