Thursday, Central China Goldfields Plc (GGG.L) said it has signed a Heads of Agreement with Auzex Resources Ltd., which provides an exclusive option to joint venture, with Auzex, the Bullabulling Gold Property in the Coolgardie Goldfield, Western Australia.
The company said it will subscribe for a A$1.5 million placement in Auzex at A$0.25 per share for an exclusive option over the Bullabulling gold property until 7 April 2010.
Under the placement, the company will be issued with 1.5 million shares immediately and a convertible note with a face value of A$1.125 million which will convert into 4.5 million Auzex shares at such time as Auzex obtains the requisite authority to issue such shares at a General Meeting of Auzex. Following completion of the placement, and upon exercise of the note, the company will own 12.9% of Auzex's issued share capital.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.