Bellanhouse Lawyers is pleased to announce the completion of the Century Zinc Mine progressive acquisition in which Bellanhouse acted for New Century Resources Ltd (formerly known as Attila Resources Ltd).
The transaction involves New Century Resources (ASX: NCZ) acquiring an initial 70% of the issued capital in Century Mine Rehabilitation Pty Ltd, owner of the Century Zinc Mine. The Century Zinc Mine was previously owned by Chinese giant, MMG Ltd. In addition, NCZ raised over $5 million under a public offer in June.
Managing Partner of Bellanhouse, Bryn Hardcastle, is a non-executive director of NCZ and has been with the Company in that capacity since 2011. Bryn and existing executive director Evan Cranston have added Patrick Walta, Tolga Kumova and Tom Eadie to the Board.
New Century Resources (ASX: NCZ) will begin trading on the ASX tomorrow, 20 July 2017.