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Additional information
Additional Information
Market: ASX
Sector: Gold Mining
Epic: MZM
News: Latest news
Web Site: Montezuma Mining
Other Articles: 23-12-200908-12-200902-12-2009

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Saturday March 13, 08:47Premium risk at Prudential

Insurance giant Prudential has stolen the headlines this week, after their decision to buy AIA, the Asian life business of US insurer AIG, has attracted a mixed response from shareholders.

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Friday March 12, 07:58Lithium and rare earths markets poised for growth

Right now, the world relies almost completely on China for its rare-earth supply. The Chinese have made it clear that they want to keep more supply for themselves as they try to be the world leader in green technology

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Friday March 12, 07:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

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Montezuma Mining

Montezuma Mining

Montezuma has in excess of 3,000 km2 of exploration tenure in Western Australia, with multi-commodity prospectivity including gold, copper, nickel and uranium targets.

The portfolio centrepiece is the Peak Hill gold mine which has produced in excess of 900,000 oz of gold and has existing resources in excess of 200,000 oz of gold.

 

Wednesday, December 02, 2009

Montezuma Mining announces major shareholder in Subscription Agreement

company news image

Montezuma Mining (ASX: MZM) has announced major shareholder Auvex Resources has entered into a Subscription Agreement with Australian based investment company Investco under which the Company has agreed to issue 4.2 million fully paid ordinary shares in the capital of the Company at an issue price of $0.35 each.

The subscription monies are payable to the Company by 19 December 2009.

Montezuma are a major shareholder in Auvex, with 10M fully paidshares or approximately 16.7% of the total shares on issue. 

Auvex intends to use the $1.5m raised for working capital purposes and for exploration in relation to its interests outside of the Ant Hill and Sunday Hill Project.

Under the Subscription Agreement, Auvex also granted Investco a right to offer to subscribe for additional Shares, valued at up to $2m, at an issue price to be determined by the company in the event that it elects to raise further funds prior to lodging a Prospectus with ASIC in connection with any application by the company to list on the ASX.

Investco has agreed to execute such restriction agreements in relation to the Shares to be issued to Investco under the Subscription Agreement as may be required by ASX in the event that the Company is admitted to the official list of the ASX.

 

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