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Deutsche Rohstoff AG:
DGAP-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous
Deutsche Rohstoff AG:
24.03.2015 / 14:15
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Deutsche Rohstoff: Share in Hammer Metals further increased
Drilling program in Mt. Isa commenced
Heidelberg. Deutsche Rohstoff AG (DRAG) acquired further 2 million shares
of Hammer Metals (in the amount of AUD 150,000) at a share price of 7,5
cent per share from another shareholder. In addition, an option to purchase
an additional 2 million shares at 10 cents per share was agreed on. This
option can be exercised by DRAG within six months. With the shares
currently purchased, Deutsche Rohstoff now holds 17,625 million shares
(17,3%) of the capital of the company. 20% of that share are indirectly
held by DRAG's Australian subsidiary SRD (Strategic Resources Development).
Simultaneously to DRAG, the management of Hammer Metals took over the same
amount of shares from the seller. With this purchase, DRAG is now the
largest shareholder of Hammer Metals.
Meanwhile, the announced exploration program within the highly prospective
license areas around the Mt. Isa region in Queensland/Australia is well
underway. The first results of the geophysical surveys are available. They
form the basis for the decisions of the drilling targets for the upcoming
drilling program, which will commence this week and should bring results
until May. A detailed description of the results so far and the planned
program have been published by the company in a press release:
http://www.hammermetals.com.au/assets/public/files/1420868.pdf.
Heidelberg, 24 March 2015
Deutsche Rohstoff (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 so called high
tech metals such as tin, tungsten, and rare earth metals. All projects are
located in political stable countries with high environmental standards.
The business concept is based on redeveloping deposits, which have been
well explored in the past. For more information please visit
www.rohstoff.de.
Contact:
Thomas Gutschlag
Tel. +49 6221 871 000
info@rohstoff.de
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Language: English
Company: Deutsche Rohstoff AG
Friedrich-Ebert-Anlage 24
69117 Heidelberg
Germany
Phone: 06221-87100-11
Fax: 06221-87100-22
E-mail: gutschlag@rohstoff.de
Internet: www.rohstoff.de
ISIN: DE000A0XYG76, DE000A1R07G4,
WKN: A0XYG7, A1R07G
Indices: Entry Standard (Performance TOP 30)
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Stuttgart; Open Market (Entry Standard) in Frankfurt
End of News DGAP News-Service
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336669 24.03.2015
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