weatherly hit 26.50p last night, page-4

WTI has broken out and sos has Ezestream IMO. Update soon.

Weatherly International plc (the “Company")

WEATHERLY INTERNATIONAL COMPLETES THE DISPOSAL OF NON-CORE MINING INTERESTS FOR OVER US$10 MILLION

Weatherly International plc (“Weatherly”) is pleased to announce that it has completed an agreement for the sale of two non-core assets in Namibia, namely the Khorixas mining lease and the entitlement to the 15% stake in the Ondundu JV, both held by Weatherly’s Namibian subsidiary, Ongopolo Mining and Processing Limited (“Ongopolo”). The assets have been acquired by TSX-listed exploration and development company, Forsys Metals Corp (“Forsys”). In addition, the option to acquire the remaining 10% of the Valencia Prospect Licence also held by Ongopolo has been exercised and is now 100% owned by Forsys.



In consideration for the transfer of these assets, the Weatherly Group has received 2 million shares in Forsys plus a cash payment of US$1 million.



Given today’s share price of Forsys, the total value of the transaction is in excess of US$10 million.

The Chief Executive Officer, Mr Webster said “We are delighted to have been able to further cement our relationship with Forsys and to acquire a valuable stake in that company. This transaction has further served to consolidate Weatherly as a major player in the African mining industry with its widening range of copper, zinc and uranium assets.”

Separately, Ongopolo and one of the Forsys group companies have also entered into a joint venture for the exploration and development of the Elbe copper prospecting licence in Namibia.