For personal use only
ASX MEDIA RELEASE
23 JANUARY 2014
MARKET UPDATE
CHAPADA –ACQUISITION TERMS
BBX advises that the DNPM (Departamento Nacional De Producao Minera)
under reference RELACAO No 11.2014 transferred the legal and beneficial
interest in mineral right 860.232/1990 from RIO GAMELEIRA PROSPECCAO
E GEOLOGIA LTDA to MINERAÇÃO BBX DO BRASIL LTDA.
Under the Chapada sales terms MINERAÇÃO BBX DO BRASIL LTDA will now
immediately initiate the transfer of the legal and beneficial interest in mineral
right 860.232/1990 to ENGEP ENGENHARIA E PAVIMENTACAO LTDA
BBX (refer ASX announcement 2 April 2013) now has an obligation to pay
Mundo Mineracao Ltda A$110,000 either by Cash, or at BBX’s election, by
issuing to the equivalent value BBX Minerals fully paid ordinary shares, (due 5
days after the publication in the Official Gazette of the approval by the
Brazilian Mines Department of the transference of the Chapada Prospect to
BBX under its previous announced option to purchase 51% of the Chapada
Project).
For further information, please contact:
BBX Minerals Limited
Jeff McKenzie | Acting CEO
Tel: +65 9068 0756
AUSTRALIA Suite 1, Level 1 35 Havelock Street | West Perth, WA 6005
T +61 8 6555 2955 | F +61 8 6210 1153
BRAZIL Av Jornalista Ricardo Marinho, 360 | Ed. Cosmopolitan – Sala 113 | CEP 22631-350 | Barra da Tijuca – Rio de Janeiro – RJ –
Brasil
T +55 21 2439 5700