EX-10.1
from 10KSB
9 pages
Psg Doyle Capital Limited Level 11, 151 Macquarie Street, Sydney Nsw 2000 Australia Telephone +61 2 8298 2000 Facsimile +61 2 9251 7311 Abn 52 094 250 352 Strictly Private & Confidential 18 August 2003 1 Scope of Our Work 1.1 DCL Will Act as Corporate Adviser to Asw in Connection With the Acquisition of the Shares of Metal Sands Limited (“Msa”). the Scope of Our Role Is Set Out as Annexure 1. 1.2 DCL Will Act as Lead Capital Raiser to Asw. This Role Will Include at Least Three Equity Capital Raisings: 1.2.1 a Minimum of Usd 400,000 to Be Raised to Fund, Inter-Alia, the Working Capital Requirements of Msa in Relation to Its Current Mineral Sands Project (“Msa Project”); 1.2.2 Approximately Usd 3 Million for the Development and Publication of a Bankable Feasibility Study and to Get the Msa Project Operational; 1.2.3 the Necessary Debt and Equity Funding to Fund the Capital Expenditure Requirements of Asw/Msa Going Forward, in Accordance With a Strategic Plan to Be Developed by Asw/Msa in Consultation and Agreement With DCL. 1.3 DCL Will Act as Corporate Adviser in Respect of Any Other Future Capital Raising Transactions With Which Asw Is Involved, While the Mandate Described in Clause 1.4 Is in Place and on Terms Negotiated From Time to Time
12/34/56
