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Hannans Ltd (HNR.AX)

HNR.AX on Australia Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Hannans Reward says entered into strategic collaboration with Neometals Ltd
Thursday, 3 Mar 2016 05:49pm EST 

Hannans Reward Ltd:Entered into a strategic collaboration with leading Australian specialty metals company Neometals Ltd.Neometals has agreed to immediately subscribe for 62.5 million shares in Hannans priced at current market price of 0.4 cents per share.Says Hannans funded for the current work program until 2018 with about $2.5 million cash.Co is also obliged to complete a $1.25 million capital raising with neometals underwriting the final $250,000.  Full Article

Hannans Reward Ltd announces sale of exploration database to Neometals Ltd's Reed Exploration Pty Ltd
Wednesday, 1 Jul 2015 07:26pm EDT 

Hannans Reward Ltd:Says that it has signed an agreement to sell its West Australian exploration database to Reed Exploration Pty Ltd (REX), a wholly owned subsidiary of Neometals Ltd.Says database includes all exploration data compiled by Hannans in Western Australia since 2002.Says in circumstances where REX uses database to identify exploration targets, REX will hold a 20 pct. interest in tenements it applies for on trust for Hannans, with Hannans' interest free-carried through to a Decision to Mine.Says if and when a Decision to Mine is made, Hannans can elect to contribute to expenditure to maintain its 20 pct. interest or convert to a 2 pct. net smelter royalty interest.  Full Article

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