🕐24.09.10 - 10:54 Uhr

AusAmerican Mining [ASX: AIW] - Sales agreement complete following Forges successful IPO



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AusAmerican Mining [ASX: AIW] - Sales agreement complete following Forges successful IPO

Australian-American Mining Corporation N.L.

(ASX: AIW) announce that, as a result of the successful listing of Forge Resources Limited (�Forge�) yesterday on the Australian Securities Exchange (�ASX�), the last condition precedent of the sales agreement between AusAmerican and Forge was met and as a result Forge informed the ASX that the sale has been completed.

HIGHLIGHTS

� Forge Resources Limited (�Forge�) listing on the ASX yesterday completes the sales agreement between Forge and AusAmerican of New South Wales Base Metal assets.
� AIW received 3million Forge shares in consideration.
� FRG closes on its opening day at 37 cents.
� AIW shares worth $1.1 million based on yesterday�s close.


Earlier this year, AusAmerican agreed to sell the company�s former New South Wales base metal projects to Forge in consideration of 3 million Forge shares.

These shares are escrowed until 23 September 2012.

Forge listed yesterday making a spectacular debut with the 20 cents shares closing at 37 cents, making it one of the most successful IPOs of the year.

The Directors of AusAmerican would like to wish Forge all the very best for the future and congratulate them on their successful listing.

For further information, please contact:

Jim Malone
Executive Chairman
AusAmerican Mining
+61 2 419 537 714

Investor & Media Enquiries:
Fortbridge
+61 2 93310655
Luke Dean +61 414 535 433



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