China Resources Exploration Co., Ltd. China Resources...

China Resources Exploration Co., Ltd.
China Resources Exploration Co., Ltd.
About the signing of the Supplemental Agreement to the Shareholders Framework Agreement with PSC Corporation
Supplementary Announcement on Subscription of PSC Company Shares
The company and all members of the board of directors ensure that the information disclosed is true, accurate, complete, and
Fake records, misleading statements or major omissions.
China Mineral Resources Exploration Co., Ltd. (hereinafter referred to as "the company" and "the company") in 2018 3
China Securities Journal, Securities Times and www.cninfo.com.cn
Signed "About the signing of the PSC company and the purchase of PSC shares
(Announcement No. 2018-030 of the company), the company now supplements the first part of the announcement. under: "I. An Overview of the Transaction In order to give full play to Sino-Mining Resources Exploration Co., Ltd. (hereinafter referred to as “company” or “principal Division ") "Comprehensive competitive advantages such as technological advantages and overseas work experience, seizing the advantages of the development of the mining industry To promote the implementation of the company’s strategic development plan, accelerate the development of the company’s mining investment development business, and achieve The company's continued growth and value enhancement, the company's fifth board of directors held on November 8, 2017 The meeting was reviewed and passed. The company and its wholly owned subsidiary, China International Exploration (Hong Kong) Holdings Limited (hereinafter referred to as "Hong Kong China Mine") and Australia Prospect Resources Limited
(Prospect Resources Co., Ltd., hereinafter referred to as "PSC Corporation") signed the "Shareholders Framework Agreement", approximately In the three months after the signing of the agreement, the PSC will issue additional shares; in order to further negotiate the general contracting In accordance with the terms of the relevant financing agreement, the company and PSC will negotiate and agree to subscribe for PSC additional shares and The time limit for signing a general contract construction contract was extended to March 31, 2018. See details on November 9, 2017 Published on China Securities Journal, Securities Times, and www.cninfo.com on February 13, 2018 (http://www.cninfo.com.cn) announcement.
On March 29, 2018, the company and its wholly-owned subsidiary, Hong Kong China Mine and PSC signed
The "Supplemental Agreement to the Shareholders' Framework Agreement," Hong Kong China Mine is planning to use AUD 10 million (equivalent to RMB
China Resources Exploration Co., Ltd.
RMB 48.27 million to subscribe for additional 166,666,667 shares issued by PSC, at a subscription price of 0.06 per share
The Australian dollar accounts for approximately 8.41% of the total share capital of the PSC Company after this issuance. PSC Corporation owns Zimbabwe
The Arcadia lithium project is 70% interest. The company's wholly-owned subsidiary China Resources (Hong Kong) International Trade Co., Ltd.
The company (hereinafter referred to as "Hong Kong China Mining") received 280,000 tons of spodumene from the Arcadia lithium project
Minerals (Li2O 6%) and 784,000 tons of lithium-picked feldspar concentrate (Li2O 4%) are underwriting rights.
According to PSC company announcement, as of December 6, 2017, Arcadia Lithium Mine meets JORC regulations
The mineral resources of Fan (2012 version) are 43.2 million tons (average grade of Li2O is 1.41%, average grade of Ta2O5)
119ppm, Li2O cut-off grade 1%), with proven and controlled ore resources of 37.40 million tons (Li2O
Grade 1.42%, Ta2O5 average grade 126ppm). Based on PSC’s December 31, 2017
Financial report, as of December 6, 2017, the mine can be mined + pre-mineral reserves of 26.9 million
Tons (Li2O average grade 1.31%, Ta2O5 average grade 128ppm).
The company convened the thirteenth meeting of the fourth board of directors on March 29, 2018 to consider and approve
Signed with Australian Prospect Resources Limited
case".
According to Shenzhen Stock Exchange "Standard Operating Guidelines for Listed Companies in SME Companies" on venture capital
Stipulated that no more than 10% of shares in other listed companies were classified as venture capital, and the company’s shareholding in the PSC this time
The proportion of the company is 8.41%. As a venture investment, this transaction still needs to be submitted to the general meeting of the company for deliberation.
This transaction does not constitute a related party transaction and does not constitute the "Measures for the Administration of Major Assets Reorganization of Listed Companies."
The specified major asset restructuring. “
In addition to the above-mentioned supplementary content, the “Supplementary Agreement to the Shareholders' Framework Agreement” signed with PSC Corporation
The other contents of the PSC Company's shares announcement remain unchanged.
Special announcement.

China Mineral Resources Exploration Co., Ltd. Board of Directors