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Deutsche Rohstoff AG: Hammer Metals Raines AUD 1.2 million

DGAP-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous
Deutsche Rohstoff AG: Hammer Metals Raines AUD 1.2 million

23.05.2016 / 11:07
The issuer is solely responsible for the content of this announcement.

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Deutsche Rohstoff: Hammer Metals raises AUD 1.2 million

Heidelberg/Perth. Hammer Metals, 15.51% owned by Deutsche Rohstoff,
announced today, that it has raised approximately AUD 1.2 million in a
share placement. The company has issued additional 18.5 million shares at a
price of 6.5 Cents. Deutsche Rohstoff participated in the capital raising
with 190,000 AUD and holds 15,50% of Hammer Shares after closing of the
placement.

Hammer will use the proceeds from the placement to accelerate explorations
at its Mount Isa project in Queensland, Australia. The campaign will target
drilling the "Scalper" copper-gold prospect and the recently purchased
"Millenium" copper-cobalt-gold project. Drilling at Millenium is designed
to follow up high grade cobalt and copper intersections with the objective
of outlining a JORC standard (Joint Ore Reserves Committee) resource
estimate as soon as possible. Drilling will commence in late June 2016.

Detailed information can be found on Hammer's website:
http://www.hammermetals.com.au.

Heidelberg, 23 May 2016

Deutsche Rohstoff identifies, develops and divests attractive resource
projects in North America, Australia and Europe. The focus is on the
development of oil and gas opportunities within the United States. Metals,
such as gold, copper, rare earth elements, tungsten and tin complete our
portfolio. For more information please visit www.rohstoff.de.

Contact:

Deutsche Rohstoff AG
Thomas Gutschlag
Tel. [phone]
[e-mail]


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23.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Deutsche Rohstoff AG
Friedrich-Ebert-Anlage 24
69117 Heidelberg
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
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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465719 23.05.2016