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Latest News
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Ivernia elects to enter into Farm In Option Period
Prairie Downs Metals Limited (“Prairie” or “the Company”) is pleased to announce that Ivernia Australia Exploration Pty Ltd (“Ivernia”), a wholly-owned subsidiary of Ivernia Inc. (TSX: IVW), has elected to enter into the Farm-In Option Period as per the terms of the Joint Venture Agreement (“Agreement”) signed between Prairie and Ivernia in June 2010.
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Quarterly Report for the period ended 30 September 2011
The directors of Prairie Downs Metals Limited are pleased to present the September 2011 quarterly activities report.
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Prairie Downs Metals Limited Annual Report for 2011
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Capital Raising and Board Changes
Prairie Downs Metals Limited (ASX: PDZ) (“Prairie” or “the Company”) is pleased to advise that it will raise approximately $2.25 million in additiional working capital. The funds raised will enable the Company to fund ongoing exploration and development of the Company's namesake project at Prairie Downs, fund the exercise of unlisted options held in Papillon Resources Limited , and enable Prairie to accelerate ongoing project generation activities which are focused on the identification of new opportunities in the resource sector.
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Notice of Annual General Meeting
The Annual General Meeting of Prairie Downs Metals Limited will be held at the Plaza Level, BGC Centre, 28 The Esplanade, Perth Western Australia at 1.00pm (WST) on Wednesday 30 November 2011.
Please click here to download the Notice of Annual General Meeting and Explanatory Memorandum
ASX Release: 07 July 2010
Appointment of Director
The Directors of Prairie Downs Metals Limited (“Prairie” or “the Company”) are pleased to announce the appointment of Mr Gordon Barratt as a non-executive director of the Company.
Mt Barratt is an experienced corporate advisor to the resources industry. Mr Barratt is currently a director of Daddo Barratt Broking Pty Ltd and is currently a partner with the RBS Morgans Ltd Caloundra office.
The appointment of Mr Barratt follows the recent announcements of the appointment of Mr Dennis Wilkins as Company Secretary, the release of the Company’s updated resource statement, and the recently signed binding Heads of Agreement with Ivernia Ltd (TSX:IVW “Ivernia”). These initiatives, in particular the agreement with Ivernia, will lead to the rapid advancement of the Prairie Downs Base Metal Project as well as allowing the Company to focus on new opportunities.
As a result of these initiatives the Company has instigated a new management structure to most efficiently manage the ongoing activities of the Company’s existing assets and to assist in seeking new opportunities. Ivernia have committed to spend a minimum of $2 million over the next 12 months in exploration at the Project and will manage these exploration activities. Significant news flow is expected in the months to come as this exploration program gets underway.
As a consequence of Ivernia managing the Company’s exploration program the services of a full time Managing Director are no longer required and as such Mr John Welborn’s contract as Managing Director will be amended as from 6th August 2010. Mr Welborn will remain as a non-executive director of the Company and will assist in overseeing the agreement with Ivernia as well as working with the board in seeking new opportunities for the Company.
For further information contact:
John Welborn
Managing Director
Prairie Downs Metals Limited
Tel: (+6 18) 9225 5755
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