Sale of Lynas Find Lithium-Gold Project to Mining Projects Group (MPJ) Highlights: Sale Value of Over $2 Million made up of: o 200 Million MPJ Shares o 100 Million MPJ Shares on granting of tenements o $220K cash o 160 Million MPJ Performance Shares o 100 Million Options (Exercisable at 1c by June 2017) Shareholders Gain Exposure to Lithium – with Upside. Non Dilutionary to Shareholders. Tyranna to Nominate MPJ Chairman. Upside when Nickel Prices Normalize. Gold Focus Retained at Jumbuck Project In South Australia. Part of Ongoing Successful Investment Programme. Tyranna Resources (ASX:TYX) is pleased to announce that the Lynas Find Joint Venture (Tyranna Resources Ltd 90% / Tribal Mining 10%) has agreed to sell the Lynas Find lithiumgold project in WA’s Pilbara region to Mining Projects Group Limited (ASX: MPJ)
MPJ Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held