Additional Information
Market: ASX
Sector: General Mining - Rare Earth Minerals
EPIC: GLF
Latest Price: A$0.01  (14.29% Ascending)
52-week High: A$0.06
52-week Low: A$0.01
Market Cap: A$7.20M
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Gulf Industrials
www.gulfresources.net.au

GGulf Resources is a resource development company that creates value for shareholders through the identification, acquisition and valorisation of resource focused projects, with a particular emphasis on regions where Gulf maintains relationships that provide a strategic advantage.

With a team of experienced engineering, project management, legal, financial and resource specialists, Gulf fosters and seeks to develop projects of major significance to both the company and the countries in which Gulf operates.

Pdf

Gulf Industrials receives additional funding from African Lion

7th Jan 2011, 5:43 am

East African industrial mineral producer and developer Gulf Industrials (ASX: GLF) has reported that African Lion 3 Limited (AFL3) has subscribed for an further 25,000,000 shares at $0.02 per share.

AFL3 is one of the company’s key shareholders and the investment will assist with the further development of Gulf’s industrial mineral strategy.

AFL3 now holds 80,000,000 shares or 19.8% of the company’s issued share capital which takes it near to the takeover threshold level of 19.9%.

Gulf has recently become a producer with the commencement of production at its East African Vermiculite (EAV) project in eastern Uganda.

The project will supply a premium grade product into a vermiculite market which is experiencing a natural demand increase and also shortfall in mine supply.

Gulf has also acquired the high grade Soalara limestone project in south west Madagascar targeting first production in 2012.

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