Successful completion of the Masbate Project acquisition
PERTH, Western Australia, March 19 /CNW/ - Following successful
completion of the shareholder meetings of both CGA Mining Limited ("CGA", "the
Company") and Thistle Mining Inc ("Thistle") on Friday, 16 March 2007, the
Board is pleased to announce that the Company has now settled the acquisition
of Thistle's interest in the Masbate Gold Project in the Philippines.
The Company has today issued the following securities:
- 40,985,538 fully paid ordinary shares to Toowong Mining BV, a wholly
owned subsidiary of Thistle;
- 5,500,000 options over fully paid ordinary shares, exercisable at A
$0.65 and expiring on 31 March 2012; and
- 1,950,000 options pursuant to the employee option plan, exercisable
at A$0.65 and expiring on 31 March 2012.
The issued capital of CGA is now 161,249,976 fully paid ordinary shares,
7,450,000 options exercisable at A$0.65, expiring on 31 March 2012 and
1,650,000 options exercisable at A$0.60, expiring on 31 August 2009.
For further information:
For further information: Australian Contact: President & CEO - Michael
Carrick, Tel: +61 8 9263 4000, Fax: +61 8 9263 4020, firstname.lastname@example.org;
US Contact: Chairman - Mark Savage, Tel: (505) 344-2822, Fax: (505) 344-2922,
Email: Email: email@example.com