ANS 0.00% 1.7¢ austsino resources group limited

Ann: Quarterly Activities Report, page-2

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  1. 221 Posts.
    lightbulb Created with Sketch. 4
    Some very good news here.
    Looks like it's full steam ahead to open up the Mid west region with the company saying.

    In addition to activities which we hope will enhance our iron ore interests, the Company has also begun to
    re-engage with various China-based entities in relation to our plans to act as a catalyst for the development of economic infrastructure to open up the Mid West Region of Western Australia. In this context, the Board is intending to travel to China in the near future
    with its financial advisor, Contour Capital.

    In Addition it looks like everyone took up there entitlments in the float

    The Company raised $4.445m
    and closed the Replacement Prospectus almost fully
    subscribed. Of the amount raised, $1.445m was raised in Australia and $3m was raised in China, and
    was held in cleared funds in the Company’s Chinese
    bank account. At this time, the ASX informed the
    Company that it would require all of the subscription funds to be held in the Company’s Australian bank
    accounts.

    Looks like ANS secured an additional tenement site.

    During the previous quarter the Company conducted a
    project review identifying an area of vacant ground
    contiguous to the Company’s existing mining tenure
    prospective for iron mineralisation with the potential
    of providing additional resources as an adjunct to
    future operations on the Company’s mining lease. The
    Company secured a priority application for Exploration Licence 52/3598 over the area and this lease application has now been granted.

    As me little mate who just keeps copping a baging say's
    Good luck to all holders
    Keep it up Tolate
 
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Currently unlisted public company.

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