A BVI-registered company Rowen Company Limited has decided to dispose of Sunland Properties Limited.
A publicly listed company Carlyle Mining Corporation has recently announced entering into an option agreement for the acquisition of Sunland Properties Limited controlling 520 square kilometers of prospective copper-gold tenements located near Hawkwood in South-Eastern Queensland, Australia, from a British Virging Islands corporation Rowen Company Limited.
Rowen Company Limited is controlled by Bryce Roxburgh – is a director of Carlyle Mining Corporation, accordingly, the acquisition is subject to approval of Carlyle's shareholders.
As a result of the acquisition of Rowen-owned Sunland, there will be no change to the current Board of Directors or management of Carlyle Mining Corporation.
