HAO 0.00% 23.0¢ haoma mining nl

We had 5 mill De Gray shares back in 2017 in hind sight that was...

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    We had 5 mill De Gray shares back in 2017 in hind sight that was our deal of the century

    quote below annual report dated 30th June 2017

    On October 27, 2016 Haoma shareholders were advised that an Agreement had been signed with
    DeGrey Mining Ltd in respect to a portion of Haoma’s Exploration Lease at Cookes Hill (E45/2983) to
    grant DeGrey an exclusive five year right to enter the Tenement for the purposes of mineral exploration
    and to mine and process all Minerals with the exception of Alluvial or Scree Resources and Pegmatic
    Minerals on the specified area of the lease.
    The consideration given by DeGrey for the Right to Explore and Mine included the issue of 5 million
    DeGrey Mining share options with an exercise price of $0.058 per share and an expiry date of 9 months
    from the date of issue. The share options were issued on December 7, 2016 with an expiry date of
    September 6, 2017.
    On September 5, 2017 Haoma Mining exercised a share option, for the total exercise price of
    $290,000, for De Grey Mining NL to issue 5 million De Grey Mining Ltd shares to Haoma Mining.
    The last sale of De Grey shares on October 31, 2017 was 25 cents.
 
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