CZN 20.0% 0.6¢ corazon mining limited

trading halt, page-18

  1. 335 Posts.
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    I found a link to some co-funding agreement with the WA gov that shows that there is a possibility of REE as well.

    http://www.dmp.wa.gov.au/documents/Round_5_Co-funded_drilling.pdf

    Interesting that Brett is a director and SH of Border. Border was set up in Feb 2010, obviously applied for permits over the prospect and now needs an ASX listed coy to raise the capital. I'm just hypothesising but I am guessing the owners of Border might have looked at an IPO to get this up off the ground but couldnt get it up so this is the next best option, to divest to one of your directors ASX listed coys. Because otherwise, why else would someone sell such a high prospective area to a minnow like CZN?

    Its going to be pretty tight with the options expiring in April. But no doubt that would be foremost on the Companies mind.

 
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