MSC
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0.00% 6.4¢ minerals corporation limited

EUCLA BASIN HEAVY MINERAL SANDS PROJECTZIRCON RESOURCES LIMITED...

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    92 Posts.
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    01/07/08
    18:18
    Post #: 3934411
    EUCLA BASIN HEAVY MINERAL SANDS PROJECT
    ZIRCON RESOURCES LIMITED SHAREHOLDING IN LOST SANDS PTY LTD
    Zircon Resources Limited (ZRL), a partially owned subsidiary of Minerals Corporation Limited (ASX code: “MSC”), currently holds 25% of the Company’s subsidiary, Lost Sands Pty Ltd.
    The Company has today been advised that ZRL will not be subscribing for additional shares in Lost Sands Pty Ltd, as per the Shareholders Agreement and Subscription Agreement dated 29 May 2006, due by close of business today.

    Is it a case of MSC not having the cash or have they decided to focus on the core business?
    MSC Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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