Announced joint venture with Consolidated Minerals Ltd over the Nepean Nickel project, consisting of Mining Lease15/576, upon which the existing Nepean nickel mine is situated, and the surrounding Exploration Licence 15/238. Austminex will issue $1 million of its shares at a price of $0.13, amounting to approximately 7.7 million shares and Consolidated Minerals Ltd will have a right to earn a 65% interest in the tenements by expending $6,000,000 on exploration within five years.
Echo Technologies Ltd
29-Jul-04
Has entered into a sale agreement to acquire from the founders of WebCentral Pty Ltd the remaining 50.6 percent it does not own of the national managed Internet hosting and solutions business. The consideration under the sale agreement is $19.6 million, consisting of $18 million in cash and 2 million FTR shares and 2 million FTR options.