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0.5¢ thomson resources limited

Vancouver, August 23, 2017 – Rheingold Exploration Corp....

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deb_001

30 Posts.

10/09/17

20:57

Post #: 27117612
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Originally posted by deb_001 ↑

Thanks for that info Flyer4, it is very surprising that TMZ didn't think they needed to report these changes to the Rheingold farm-in payment schedule to the market!

The A$3m from Rheingold for 51% of the resource were originally agreed to be (see TMZ release from 17 Mar 2017) an inital payment of A$580,000, then A$800,000 on or before July 31, 2017 and A$1,500,000 on or before January 31, 2018.

I am not sure exactly what has been received from Rheingold, but I think what this announcement means is that Rheingold have had trouble raising funds and could not make the initial payment of $580,000 or the $800,000 due by 31 July 2017.

When you add this bit of news to the recent announcement that more drilling would be required to define a JORC resource, it explains why someone has been selling at 3.5c!

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Vancouver, August 23, 2017 – Rheingold Exploration Corp. (“Rheingold” or the “Company”) (CSE: RGE) is
pleased to announce that it will be proceeding with a change of name further to a special resolution that was
passed at the Company’s Annual General Meeting of the Shareholders (the “Meeting”) held in Vancouver on
August 17, 2017 approving the change of name of the Company to “International Battery Metals Ltd.”.

TMZ Price at posting: 3.5¢ Sentiment: Buy Disclosure: Held
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