wir bleiben mal drin und warten ab, was sich tut.
Kurse sind ja sehr schön in Aussi land.
URANIUM PORTFOLIO DIVESTMENT
Harts Range Tenements and other Uranium Projects owned by the
Company to be divested.
Batavia shareholders to be given priority participation.
Batavia Mining Limited (ASX – BTV) is pleased to advise that it is in the process of
structuring the divestment of the Harts Range Tenements and other Uranium Projects
in the Northern Territory, currently held by a wholly owned subsidiary of the
Company. The form of this divestment and the timing of the restructure are still being
considered by the Company.
The Company believes that the divestment of the uranium assets will realise the
maximum value for the Company and its shareholders. The Company intends to give
shareholders a priority right to participate in any capital raising.
The Company considers that a separate listing of the uranium assets will ensure
adequate funding for exploration, allow for better focus on their development and
enable a more transparent market value to be placed on them.
The details of the structure, the timetable of the divestment and the priority
arrangement for shareholders to participate will be announced once they are finalised.
Yours faithfully
Batavia Mining Limited
Greg Durack
Managing Director
4 April 2006
Managing Director
4 April 2006
Kurse sind ja sehr schön in Aussi land.
URANIUM PORTFOLIO DIVESTMENT
Harts Range Tenements and other Uranium Projects owned by the
Company to be divested.
Batavia shareholders to be given priority participation.
Batavia Mining Limited (ASX – BTV) is pleased to advise that it is in the process of
structuring the divestment of the Harts Range Tenements and other Uranium Projects
in the Northern Territory, currently held by a wholly owned subsidiary of the
Company. The form of this divestment and the timing of the restructure are still being
considered by the Company.
The Company believes that the divestment of the uranium assets will realise the
maximum value for the Company and its shareholders. The Company intends to give
shareholders a priority right to participate in any capital raising.
The Company considers that a separate listing of the uranium assets will ensure
adequate funding for exploration, allow for better focus on their development and
enable a more transparent market value to be placed on them.
The details of the structure, the timetable of the divestment and the priority
arrangement for shareholders to participate will be announced once they are finalised.
Yours faithfully
Batavia Mining Limited
Greg Durack
Managing Director
4 April 2006
Managing Director
4 April 2006
