Huayou Cobalt to invest RMB68.42 million in Australian company

According to the announcement of Huayou Cobalt, Huayou International Mining (Hong Kong) Ltd.Asian Metal Copyright Huayou International Mining will obtain 186 million additional stock options of AVZ after the acquisition, accounting for 11.Asian Metal Copyright, its wholly-owned subsidiary, recently signed a share subscription agreement with AVZ, a company listed in Australian Stock Exchange.Asian Metal CopyrightAccording to the announcement of Huayou Cobalt, Huayou International Mining Hong Kong Ltd.Asian Metal Copyright Huayou International Mining plans to invest AUD13.Asian Metal Copyright Huayou International Mining will obtain 186 million additional stock options of AVZ after the acquisition, accounting for 11.Asian Metal Copyright02 million (about RMB68.Asian Metal Copyright AVZ mainly engages in mineral exploration in Africa, including the exploration of copper, vanadium, lead, zinc, lithium, tin and gold, and holds 60% of interests of Manono project in Congo DR.Asian Metal Copyright42 million) to acquire 186 million newly issued shares of AVZ at the price of AUD0.Asian Metal Copyright Huayou Cobalt expressed that acquiring additional stocks of AVZ will help it to develop lithium resources which are necessary for Li-ion new energy material.Asian Metal Copyright07 per share.Asian Metal Copyright Huayou Cobalt expressed that acquiring additional stocks of AVZ will help it to develop lithium resources which are necessary for Li-ion new energy material.Asian Metal Copyright The acquisition is attached with 186 million additional 20-month stock options with the exercise price of AUD0.Asian Metal Copyright AVZ mainly engages in mineral exploration in Africa, including the exploration of copper, vanadium, lead, zinc, lithium, tin and gold, and holds 60% of interests of Manono project in Congo DR.Asian Metal Copyright1.Asian Metal Copyright AVZ mainly engages in mineral exploration in Africa, including the exploration of copper, vanadium, lead, zinc, lithium, tin and gold, and holds 60% of interests of Manono project in Congo DR.Asian Metal Copyright Huayou International Mining will obtain 186 million additional stock options of AVZ after the acquisition, accounting for 11.Asian Metal Copyright The acquisition is attached with 186 million additional 20-month stock options with the exercise price of AUD0.Asian Metal Copyright2% of the overall shares of AVZ.

AVZ mainly engages in mineral exploration in Africa, including the exploration of copper, vanadium, lead, zinc, lithium, tin and gold, and holds 60% of interests of Manono project in Congo (DR). The project gets the exploration right and has certain prospecting potentiality.Asian Metal Copyright, its wholly-owned subsidiary, recently signed a share subscription agreement with AVZ, a company listed in Australian Stock Exchange.Asian Metal Copyright Up to 30 June 2016, the overall assets of AVZ was AUD2.Asian Metal Copyright07 per share.Asian Metal Copyright0758 million, with the net asset of AUD2.Asian Metal Copyright AVZ mainly engages in mineral exploration in Africa, including the exploration of copper, vanadium, lead, zinc, lithium, tin and gold, and holds 60% of interests of Manono project in Congo DR.Asian Metal Copyright0408 million, and its net profit was negative AUD479,700 in 2016.

Huayou Cobalt expressed that acquiring additional stocks of AVZ will help it to develop lithium resources which are necessary for Li-ion new energy material.

.Asian Metal Copyright The project gets the exploration right and has certain prospecting potentialityAsian Metal Copyright