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ABM Resources NL (ASX:ABU) is pleased to announce that Pacific Road Resources Fund II ("Pacific Road Capital") and ABM Resources ("ABM" or "the Company") have finalised the Tranche 1 investment as per press-release dated 13/03/2014. Tranche 2 is subject to shareholder approval and a notice of meeting is being compiled to be distributed to shareholders in due course
Darren Holden, Managing Director of ABM, said, "With a strengthened balance sheet, a quality new long-term investor on the register, a high-grade gold development project and our exciting extensional targets we have a solid platform for growth. Our focus remains to not only define the extents of this high-grade gold system but to execute our plans for mining in 2014.
With respect to the Mineral Lease Application, the Company has today received a notice of intent to grant the mineral lease from the Department of Mines and Energy (NT) and this is anticipated to progress to granted status shortly.
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