13th Jun 2007 07:01
Medusa Mining Limited13 June 2007 MEDUSA MINING LIMITED ABN: 60 099 377 849 Unit 7, 11 Preston Street Como WA 6152 PO Box 860 Canning Bridge WA 6153 Telephone: +618-9367 0601 Facsimile: +618-9367 0602 Email: [email protected] Internet: www.medusamining.com.au 13 June 2007 MEDUSA MINING LIMITED ACQUISITION of Co-O MINE ROYALTY Medusa Mining Limited (the "Company"), the Australian based company operatingand developing gold mines in the Philippines, advises that it has completed theacquisition of a 1.32% uncapped gross royalty from Central Mindanao MiningCorporation at a cost of Php 44 million, equivalent to approximately US$956,000or A$1,120,000. The royalty was applicable to the sale of all gold from the Co-O Mine within andincluding the area covered by Mineral Production Sharing Agreement ("MPSA")application 084-XIII. The acquisition is part of the Company's ongoing corporaterationalisation. For further information, please contact: Medusa Mining Limited +61 8 9367 0601Geoffrey Davis, Managing DirectorRoy Daniel, Finance Director Ambrian Partners +44 (0)20 7776 6417Richard Brown / Richard Greenfield Bankside Consultants +44 (0)20 7367 8888Michael Padley / Louise Davis This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
MML.L