VYSARN LTD MHM Metals Limited T: +613 9692 7222
Level 4, 100 Albert Road F: +613 9077 9233 South Melbourne E: info@mhmmetals.com
VIC 3205 AUSTRALIA www.mhmmetals.com
19 November 2015
As announced to the market on 30 September 2014, MHM Metals Limited (ASX: MHM) concluded as part of its 2014 Strategic Review that it was in its best interests to sell its US property.
The Company is pleased to advise that it has today entered into a Letter Of Intent to Purchase with a US based group, for the sale of the property located in Russellville, Ky.
The agreed consideration is US$550,000 and the buyer has been granted a 60 day exclusivity, in order to complete standard form Due Diligence on the property.
Subject to the buyer's Due Diligence, the sale is scheduled for settlement within 90 days.
MHM Metals will keep the market informed of as it moves towards a binding sales contract.
Joseph van den Elsen, Managing Director: +61 421 849 433
Ordinary shares on issue: Market Cap (at 2.1c): Cash (as at 30 Sep 2015): | 130,218,145 $2,734,581 $1,044,000 |
Joseph van den Elsen (Managing Director) Paul Kopejtka (Non-Executive Chairman) Chris Goodman (Non-Executive Director)
Justin Mouchacca
MHM Metals Limited ABN 41 124 212 175
Registered Office: Level 4, 100 Albert Road, South Melbourne VIC 3205| Tel: 03 9692 7222 | Fax: 03 9077 9233 | E: info@mhmmetals.com | www.mhmmetals.com
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