Correction to “Quarterly Activities Report for period
ended 31 December 2014”
Bligh Resources Limited
ACN 130 964 162
Bligh Resources Limited wishes to advise the market of a correction to its
December Quarterly Activities Report released on 29 January 2015.
Suite 804 Level 8,
84 Pitt St Sydney
New South Wales 2000
Details of the Completed Settlement for the SR Mining Royalty with Terrain
Minerals Limited referred to in the December Quarterly Activities Report should
For personal use only
2 February 2015
The Finance & Corporate section referred to 4,400,000 Convertible Notes and a
PUT option over 5m shares with a 5 cent strike price expiring in 14 months. This
was not in accordance with the final Deed of Release of Royalty and Other
Liabilities and Security Interests with Terrain Minerals Limited (ASX: TMX)
respectively which settled the Royalty obligations with Terrain.
ASX Release
Tel: +61 2 9233 4677
Fax: +61 2 9239 0866
Chantal Huang
[email protected]
For the Latest News:
Eric Zhang – (Non-Executive Director)
Peiqi Zhang - (Non-Executive Director)
Jinle Song - (Non-Executive Director)
Eric Chan - (Non-Executive Director)
Tianbao Wang – (Non-Executive Director)
Immediate Return of Tenement M37/54 Great Western and all relating
Cash consideration of $165,000 plus GST at settlement.
400,000 Fully Paid Ordinary Bligh shares with no escrow.
4,000,000 Convertible Notes, at TMX’s election, converting into Fully Paid
Ordinary Bligh shares on a one-for-one basis with no escrow within 14
months from issue. If not converted by the 12th month from issue, TMX
may request for partial or full redemption between the 12th and end of
the 14th months from issue, at a price of $0.05 per share.
All parties release each other of all contractual obligations and any future
claims relating to the TSA, Inter Creditor Deed or other related
agreements to this transaction once all obligations have been fulfilled.
Zhijie Li -(Alternate Director for Mr P Zhang)
Bill Richie Yang -(Alternate Director for Mr J
For further information contact:
Company Secretary
Ian White
Issued Capital:
Unlisted Options:
Convertible Notes:
Bill Richie Yang: +61 2 9233 4677
Currently Exploring and Developing:
Current Projects:
Bundarra Gold Project
Leonora Gold Project
Bootu Creek Two Manganese
Kumarina Manganese
For further information on the Company and its projects - visit the website at
About Bligh Resources Limited
Listed in 2011, Bligh (ASX: BGH) is an explorer for gold, manganese and
base metal exploration in both N.T and W.A.
Bligh holds a 97.5% interest in SR Mining Pty Ltd, which owns the
advanced Bundarra Gold Project in Western Australia. Bligh also holds a
100% interest in the Leonora Gold Project, an 80%-100% interest in the
Bootu Two Creek Manganese Project in the Northern Territory, and a
100% interest in the Kumarina Manganese project in WA.