Victory West Moly Limited (ASX:VWM) (FSE:R1E) the SE-Asia focused metals explorer, has announced a significantly refined exploration target size for the nickel laterite mineralization at its USSU Nickel Project in Indonesia.
Victory West Moly Limited (ASX:VWM) is pleased to announce that it has completed negotiations and commercial terms and conditions with Oceantide Investments Pty Ltd ("Oceantide") and is proceeding with the acquisition of (subject to shareholder approval) of Oceantides rights to a 70% equity interest in the highly prospective USSU Nickel Project.
A$2.5 Million Placement made with Convergence Capital Corporation Victory West Moly Limited (ASX:VWM) is pleased to announce the placement of 20,833,333 new fully paid ordinary shares at a price of A$0.12 per share to raise A$2.5 million. The shares are being placed with Convergence Capital Corporation and or its sophisticated and institutional investors. These additional funds will strengthen the company's cash position as it finalises due diligence on the previously announced DSO Nickel acquisition.
Australian Market Report of November 2, 2010 includes: Botswana Metals Limited (ASX:BML) discovered more copper-silver mineralisation in Botswana; Zamia Metals Limited (ASX:ZGM) is continuing the deep diamond drilling to test the depth extensions of the Anthony molybdenum deposit; Hill End Gold Limited (ASX:HEG) announced the first JORC Resource Estimate of 234,400 ounces of gold for the Hargraves project; Alcyone Resources Limited (ASX:AYN) reported New High-Grade Silver Results at Twin Hills Resource in Queensland.
Mukuba Resources Limited (CVE:MKU) (PINK:MKBAF) is pleased to announce that it has mobilized a drill rig to undertake a program of diamond drilling across the Chipirinyuma prospect within the Nyimba Project Area located east of Lusaka, Zambia.
Victory West Moly Limited (ASX:VWM) is pleased to announce the execution of a binding Memorandum of Agreement ("MOA") with China Guangshou Group Corp ("CGGC") that will fully fund VWM's Malala Molybdenum Project to large scale production.
Victory West Moly Limited (ASX:VWM) ("VWM" or the "Company") confirms that on 21 October 2010, the Company entered into a Share Acquisition Agreement with the shareholders of Victory West Pty Ltd (Victory West) to formalise its agreement to acquire the remaining 25% of their shares in Victory West as previously announced.
