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Adept Solutions sells Queensland tenement to Forte Consolidated  Join our daily free Newsletter

MENAFN - ProactiveInvestors - Australia - 10/10/2012

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(MENAFN - ProactiveInvestors - Australia) Adept Solutions (ASX: AAO) has signalled its departure from the resources sector selling its exploration interest in EPM 18986 (Johnnycake) to Forte Consolidated Limited (ASX: FRC).

The company's focus is becoming a leading prepaid financial services provider in Australia.

The agreement with Forte Consolidated requires that the tenement, which is currently under application, receive grant approval from the Queensland Department of Mines and Energy on or before 17 December 2012 (unless this date is extended by both parties).

Recently, Adept Solutions announced that Emerchants Limited had signed a 3 year agreement with Heritage Bank Limited, under which Heritage Bank will act as an ADI, or Approved Deposit Taking Institution, for card balances on cards issued by Emerchants.

 






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