BINDING AGREEMENT SIGNED FOR 15% SHARE PLACEMENT TO CMIC AND ESTABLISHEMENT OF A$200M 50:50 JV ON BEYONDIE PROJECTSubscription and Option Agreement • October 28th, 2009
Emergent Resources Limited (ASX: EMG) is pleased to advise that a Subscription and Option Agreement (Agreement) has been signed in Beijing by EMG and the State Owned Enterprise (SOE), China Metallurgical Investment Co Limited (CMIC) to proceed with the previously announced share and option placement in Emergent and A$200m 50:50 Beyondie Development Joint Venture to achieve the commencement of mining operations with an initial targeted production of 3Mtpa of magnetite concentrate.