Corporate | 22 October 2012 12:11
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Deutsche Rohstoff AG / Key word(s): Miscellaneous
Deutsche Rohstoff AG: Sale of Georgetown Goldmine completed
Heidelberg/Brisbane. Deutsche Rohstoff AG is pleased to report that the sale of its Georgetown Goldmine in North Queensland, Australia, has been completed today. The outstanding approval of the Australian Foreign Investment Review Board was granted last week. The initial payment of AUD 9.5 Million was effected by the buyer, Brisbane-based JKO-Mining Ltd, with completion. Another AUD 0.5 million was paid as exclusivity premium in June and August. The remaining purchase price (AUD 6 Million) will be paid in 4 quarterly tranches over the next 11 months, according to the sales agreement. Heidelberg, 22 October 2012 Deutsche Rohstoff AG (Heidelberg, Germany), listed in the Entry Standard segment of Frankfurt Stock Exchange, is establishing a new primary producer. The company's focus is placed on oil & gas and metals, especially so called high tech metals such as tin, tungsten, and rare earth metals. All projects are located in countries marked by political stability, the core area being Germany. The business concept is based on redeveloping deposits, which have been well explored in the past. For more information please visit www.rohstoff.de. Contact: Thomas Gutschlag +49 6221 871 000 gutschlag@rohstoff.de End of Corporate News 22.10.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| Language: | English | |
| Company: | Deutsche Rohstoff AG | |
| Friedrich-Ebert-Anlage 24 | ||
| 69117 Heidelberg | ||
| Germany | ||
| Phone: | 06221-87100-11 | |
| Fax: | 06221-87100-22 | |
| E-mail: | gutschlag@rohstoff.de | |
| Internet: | www.rohstoff.de | |
| ISIN: | DE000A0XYG76 | |
| WKN: | A0XYG7 | |
| Indices: | Entry Standard (Performance TOP 30) | |
| Listed: | Freiverkehr in Berlin, Düsseldorf, Stuttgart; Open Market (Entry Standard) in Frankfurt | |
| End of News | DGAP News-Service |
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| 189593 22.10.2012 |