Westcoast Mining Ltd-21-Jun-04
Has entered into a conditional Heads of Agreement with SoLogic Pty Ltd to gain exclusive access to a unique resource exploration technology. Following a successful conclusion to a 30 day due diligence period, the HOA envisages the establishment of a joint venture between WML (51% and operator) and SoLogic (49%). WML will acquire its interest in the joint venture by the issuing of 16m shares and 12m options (exercisable at $0.20 each on or before 31 October 2006) to SoLogic.
