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Name | Symbol | Market | Type |
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Vanguard Total Stock Market ETF | AMEX:VTI | AMEX | Exchange Traded Fund |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.20 | 0.07% | 268.93 | 269.589 | 268.49 | 268.62 | 2,093,701 | 20:05:47 |
RNS Number:9081H Virotec International Ld 24 February 2003 25 February 2003 WITHDRAWAL FROM OPTION TO SELL MINING INTEREST Kanowna Lights Limited (ASX: KLS) has advised Virotec that it has withdrawn from the option to acquire Virotec International Ltd's (ASX/AIM: VTI) Mt Carrington Gold/ Silver project located at Drake in New South Wales, Australia. The announcement released by KLS follows. The option granted to KLS was subject to several conditions as detailed in VTI's announcement in November 2002. For further information please contact Angus Craig, Company Secretary on +617 5530 8014. Angus Craig Company Secretary Virotec International Ltd VIROTEC INTERNATIONAL LTD ABN 81 004 801 398 PO Box 188 Sanctuary Cove QLD 4212 Australia www.virotec.com Kanowna Lights l i m i t e d ACN 062 409 303 WITHDRAWAL FROM MT CARRINGTON 24 February 2003 In November 2002 the Company announced that it had entered into an Agreement with Virotec International Limited whereby it had the option to acquire Virotec's 100% owned Mt Carrington Gold/Silver Project. Under Stage One of the Agreement KLS had until 15 March 2003 to undertake various due diligence procedures and determine the scope of any proposed pre-feasibility study. KLS had the right to withdraw from this Agreement at any stage. In the Company's December 2002 quarterly report, KLS released an amended inferred minerals resource calculation which superceded the original Virotec resource. Based on the outcome of this work KLS re-rated Mt Carrington as an advanced exploration project rather than an advanced project ready for due diligence and feasibility study. The Company has now also completed additional due diligence on this project and has resolved to withdraw from the project. The Company will proceed with the placements referred to in the Prospectus dated 18 February 2003 and the proceeds will be used to fund ongoing exploration and evaluation of the Company's Pinnacles Nickel Project and other exploration activities and opportunities as and when identified, working capital and the corporate and administrative activities of the Company. A Supplementary Prospectus will be issued shortly. The Notice of General Meeting and Explanatory Memorandum to approve the 2005 Option Placement (as defined in the Prospectus) will also be issued shortly. Yours faithfully KANOWNA LIGHTS LIMITED CHRIS BATH Company Secretary This information is provided by RNS The company news service from the London Stock Exchange END MSCNKQKNNBKBDBB
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