County Diamonds Ltd
Has entered into an agreement to acquire 100% of Tainshan Gold Limited from Mineral Securities Limited . This will enable County to earn a controlling interest in the Gold Mountain Project in the Xinjiang Province of the north west in the People's Republic of China. Subject to shareholder approval of the acquisition of TSG, County will acquire the right to earn up to a 62.7% interest in Gold Mountain North and up to a 71.6% interest in Gold Mountain South.
Have entered into a Heads of Agreement to acquire, subject to shareholder approval, all of the issued securities in MGM Wireless Holdings Pty Ltd. The proposed consideration for the acquisition is subject to valuation and is expected to be the allotment and issue of not less than fifty million (50,000,000) and not more than fifty nine million (59,000,000) ordinary fully paid shares in the capital of EZI.
Giralia Resources NL
Announces the purchase of an adjoining granted tenement which extends Snake Well Joint Venture area to over 45 kilometres of prospective strike. The new tenement contains the historic 'Royal Standard' gold mine.
Heron Resources Ltd
Have signed an agreement for the sale and purchase of assets from Centaur Nickel Pty Ltd being Centaur Nickel’s 75% interest in the Siberia Taipan Joint Venture in respect of certain tenements and Centaur Nickel’s 80% interest in the Siberia Tank Joint Venture. The consideration to be paid to Centaur Nickel on settlement is $160,000.
View Resources Ltd
Announced the acquisition of the Kambalda Mining leases which are adjacent to the Company's existing Carnilya Hill leases. The acquisition price is $240,000 with an attaching royalty on gold produced.
Tennyson Networks Ltd
All outstanding matters relating to the acquisition of the Data Services Business have been resolved. Settlement is to occur on 30 June 2003, and Tennyson confirms that satisfactory funding for this purpose has been obtained.
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