13:43 AEST June 6, 2012 ABN Newswire (C) 2004-2012 Asia Business News PL. All Rights Reserved.
Perth, Australia (ABN Newswire) -
Padbury Mining Limited (ASX:PDY) and
Aurium Resources Limited (ASX:AGU) entered into a Scheme Implementation Agreement (SIA) on 13 February 2012.
The End Date under the SIA is currently 30 June 2012. Aurium and Padbury have agreed to extend the End Date from 30 June 2012 to 31 July 2012 to allow for more time for the Merger to be completed.
Accordingly, Padbury and Aurium have agreed to vary the SIA by deleting '30 June 2012' in the definition of End Date in the SIA and replacing it with '31 July 2012'.
About Padbury Mining Limited:
Padbury Mining Limited (ASX:PDY) is a Perth-based, ASX-listed mineral exploration company focused on the development of its significant iron ore assets in Western Australia's Mid West region.
The company's flagship Peak Hill Iron Joint Venture is a highly prospective magnetite and hematite iron ore project located at Robison Range, about 450km north east of Geraldton.
The Company has a solid program of work planned to develop the Peak Hill project over the next three years, with production targeted for 2015-2016.
Contact:
Padbury Mining Limited
T: +61-8-6460-0250
F: +61-8-6460-0254
WWW:
www.padburymining.com.au
