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Bulletin Resources Limited (ASX: BNR) is pleased to announce the successful divestment of the Nicholson’s Gold Project during July 2016 for a consideration in excess of $20 million. This strategic sale has resulted in shareholders receiving a substantial In-Specie distribution of Pantoro Ltd shares valued at approximately $15 million or about 8c per share.
Bulletin retains cash and liquid investments of approximately $5 million and is currently on the search for a new flagship project and seeks any interested parties to speak directly with the board.
Source: ASX Website - Bulletin
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