Marley Holdings Pty Ltd.

February 24, 2010 17:25 ET

Marley Acquires Securities of THEMAC Resources

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 24, 2010) - Marley Holdings Pty Ltd. ("Marley"), a private Australian company, announces it has acquired securities shares of the THEMAC Resources Group Limited (the "Company") which have taken it over securities reporting thresholds. Marley is the trustee of the Maloney Family Trust and Mr Kevin Maloney, a director of the Company, is a director of Marley.

As a result of the transactions set out below, Marley owns or exercises control or direction over 8,850,768 common shares of the Company, representing 70.47% of the Company (13,962,879 common shares, or 77.01% assuming the exercise of warrants described below).

On February 19, 2010, Marley acquired ownership of 5,111,111 common shares of the Company, representing 40.69% of the outstanding shares of the Company, and warrants to purchase a further 5,111,111 common shares, pursuant to a non brokered private placement for units priced at $0.09 per unit, for a total payment to the Company of $460,000. Each unit consisted of one common share and one share purchase warrant, with each warrant exercisable into one common share at an exercise price of $0.10 per warrant until February 19, 2011.

No person has acted jointly or in concert with Marley with respect to this acquisition. The acquisition was made for investment purposes. Marley may acquire ownership of, or control over, additional securities of the Company, either pursuant to the exercise of warrants or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Contact Information

  • Marley Holdings Pty Ltd.
    Stephen Law
    + 612 8346 9223