FIRB approval and AUD 10 million initial payment received
Heidelberg/Brisbane. Deutsche Rohstoff AG is pleased to report that the sale of its Georgetown Goldmine in North Queensland, Australia, has been completed today. The outstanding approval of the Australian Foreign Investment Review Board was granted last week. The initial payment of AUD 9.5 Million was effected by the buyer, Brisbane-based JKO-Mining Ltd, with completion. Another AUD 0.5 million was paid as exclusivity premium in June and August. The remaining purchase price (AUD 6 million) will be paid in 4 quarterly tranches over the next 11 months, according to the sales agreement.
Heidelberg, 22 October 2012
Deutsche Rohstoff AG (Heidelberg, Germany), listed in the Entry Standard segment of Frankfurt Stock Exchange, is establishing a new primary producer. The company’s focus is placed on oil & gas and metals, especially so called high tech metals such as tin, tungsten, and rare earth metals. All projects are located in countries marked by political stability, the core area being Germany. The business concept is based on redeveloping deposits, which have been well explored in the past. For more information please visit www.rohstoff.de.
Dr. Thomas Gutschlag
Deutsche Rohstoff AG
Friedrich-Ebert-Anlage 24, 69117 Heidelberg
Tel. (06221) 87 100-0
Fax (06221) 87 100-22
Koppelstätter Kommunikation GmbH
Friedrichstraße 2, 76530 Baden-Baden
Tel. (07221) 97372 11
Fax (07221) 97372 22