Northern Minerals Limited
(ASX:NTU) has announced the Jien Mining Pty Limited transaction has expired.
Northern Minerals advised that Jien Mining failed to complete a $17 million share placement transaction through a transfer of funds by 12 noon on 24 December.
As such the transaction and all extensions granted with it have now officially expired.
The company said Northern Minerals’ board and management will continue to work on the 2016 business plan which will be announced to the market early in the New Year.
Northern Minerals recorded a net loss of $15.64 at 30 June 2015.
