Alien Metals Ord Shs ASLRF

Metals & Mining Industrial Metals & Minerals

Alien Metals Ltd is a United Kingdom-based mining exploration and development. The principal activity of the Company and its subsidiaries is the exploration and development of mineral resource assets. It holds a collection of projects within its portfolio, spearheaded by its Hancock DSO (direct shipping ore) iron ore project in which it has a 90% holding, through its 100% owned subsidiary the Iron Ore Company of Australia (IOCA). In addition to this, the IOCA portfolio consists of the Brockman (90%) and Vivash Gorge (100%) iron ore projects both surrounded by tier 1 tenements owned by mining corporates, such as Rio Tinto and FMG. Its Hancock Iron Ore Project is within 20 kilometres (km) of the established regional mining hub of Newman. Its Elizabeth Hill Silver Project is situated approximately 45 km south of Karratha in the Achaean Pilbara Block of the Pilbara Craton. The Munni Munni Project hosts significant PGE mineralization. This includes palladium, platinum, gold, and rhodium.

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Alien Metals Ord Shs

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Comment by paulindoonon Jan 19, 2011 8:16am

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Post# 17994475

RE: Any Brits out there?

A direct exchange conversion is a little off in this instance.
The Private Placement (PP) of Jan '10 was oversubscribed with the warrants becoming exercizeable by 22 Jan 2011 @ Cdn
.10.

But back last Jan, for those that were not here, it was a gamble on whether AGQ would survive. So those that participated not only were taking a large "chance" with their money on the continued viability of AGQ but by their participation made possible for AGQ to survive - and now as we can all see in hindesight - AGQ not only survived but is on a path to flourish. It was not so clear a year ago.

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