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RR1:AU
Rights Issue and Shortfall
Desert Mines and Metals Ltd. (ASX:DSN) announced that it has acquired Korean Resources Ltd., which, through its subsidiary, Suyeon Mining Company Ltd., has contractual rights to acquire the South Korea-based Daehwa molybdenum-tungsten project.
Desert Mines and Metals Ltd. (ASX:DSN) announced that it has acquired Korean Resources Ltd., which, through its subsidiary, Suyeon Mining Company Ltd., has contractual rights to acquire the South Korea-based Daehwa molybdenum-tungsten project.
As quoted in the press release:
The share issue comprises 20,700,000 ordinary fully paid Desert shares comprising ~14.9% of the issued capital.
Desert is also pleased to announce the appointment of Mr Chris Rashleigh as managing director of the Company effective from 31 May 2013.
Click here to read the full Desert Mines and Metals Ltd. (ASX:DSN) press release.
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