Advanced Energy Systems Ltd
Has accepted an offer for the building facility at 5 Turner Ave, Technology Park Bentley WA. The $2.5 million offer is conditional upon negotiations with an incoming tenant and the price is within the expectations of the board.
Equatorial Mining Ltd
Subsidiary Equatorial Mining North America, Inc has completed the sale of all the shares in Equatorial Mineral Park, Inc to Mercator Minerals Ltd of Canada. Under the terms of the sale, EQM will receive 4.6 million shares in MML and will also receive an assignable "net proceeds interest", under which the holder of the interest will be entitled to 5% of future net operating proceeds of the Mineral Park mine, until such time as EMP has paid a total of US$2.7 million to the holder or holders of the interest.
Hallmark Consolidated Ltd
Settlement of the Sale of Assets to Batavia Mining Ltd has been completed.
Overseas & General Ltd
On 21 June 2003 sold its entire investment in Odin Mining and Exploration Ltd, a company listed on the Toronto Venture Exchange, comprising 25,933,312 common shares for a total consideration of US$850,009 or approximately A$1,236,672. The sale resulted in a loss of A$216,926 at OGL Group and Company levels.
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