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28/09 - Cortona Resources and Unity Mining Announce Merger  to Form Growing Australian Gold Business

Highlights of the Merged Entity

  • A growth profile showing gold production increasing to around 100,000 ounces per annum
  • Combined cash reserves in excess of $40 million, plus cashflow from the Henty Gold Mine
  • Gold reserves of approximately 350,000 ounces
  • Gold resources in excess of 735,000 ounces
  • Pro forma market capitalisation of ~$90 million
  • Exposure to West African gold exploration assets through 34% investment in GoldStone Resources Limited
  • Capacity for continued growth through logical industry consolidation

 
28 September 2012. Cortona Resources Limited (ASX:CRC) (“Cortona”) and Unity Mining Limited
(ASX:UML) (“Unity”) are pleased to announce that they have agreed to combine the companies
(“Merger”) and create a significant growing Australian gold business under the Unity banner.   
 
See attached for complete information.
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