Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: Reply from Bruce just in

Reply from Bruce just in

posted on Mar 31, 2009 11:08AM

Thank you for your inquiry about the reduction of the paid up capital account. The actual reduction of capital is an accounting exercise and no money changes hands. A purpose of this reduction is to facilitate the proposed delivery of Debuts common shares to KWG shareholders.

Regards,

Bruce Hodgman.

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