Re: JLA Julia Corporation Limited FPO -- ERG trade data forum

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Date Posted: 02:35:40 02/17/03 Mon
Author: PURCHASE OF LAVERTON GOLD ASSETS 11/2/2003
Subject: Re: JLA Julia Corporation Limited FPO
In reply to: Last trades 1.7 vwap 1.7---17/2/2003 's message, "JLA Julia Corporation Limited FPO" on 02:33:46 02/17/03 Mon

JULIA CORPORATION LIMITED 2003-02-11 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
PURCHASE OF LAVERTON GOLD ASSETS

Julia Corporation Ltd ("Julia") (ASX: JLA) has agreed to purchase
Australian Cancer Technology Limited's ("AustCancer") (ASX: ACU)
mineral exploration interests in a number of mining tenements located
near Laverton, Western Australia.

The interests consist of the Mt Lebanonand Royal East Joint
Ventures.

The Mt Lebanon JV at Laverton is a joint venture with Placer Pacific
and comprises 200 sqkm of highly prospective tenements between the
Granny Smith and Sunrise gold mines within the world-class Laverton
greenstone belt. This includes the Mikado gold deposit. Julia will
assume AustCancer's 40% interest in the tenements, currently this 40%
interest is free carried until production with Placer Pacific having
the right to claw back 100% of any defined sub-area for which it has
completed a Bankable Feasibility Study for a fee of 30% of Net
Present Value of the defined sub-area. In the case of the Mikado gold
deposit, if Placer Pacific has not made a decision to mine by April
2003, the project will revert 100% to Julia.

The Royal East JV is a joint venture with Anglogold Australasia over
exploration licence 38/1327 with Anglogold earning 51% with the right
to increase to 70%.

The terms of the sale are:

$300,000 cash on settlement
$200,000 cash 180 days after settlement
$200,000 on commencement of commercial gold production from the
Mikado gold project at Mt Lebanon

The acquisition of this gold project will fast track Julia's focus on
gold production from high grade open pits such as the recently
completed Lady Irene project at Menzies, the Dingo Range
opportunities currently being planned, and now, the Mikado gold
deposit at Laverton.

The transaction is subject to shareholder approvals, due diligence
completion and approvals from joint venture parties for transfer of
the mining tenements to Julia.

BOARD CHANGES

It is also envisaged that changes will be made to the Board of Julia.
Messrs Stanley Lewis and David Muller will resign as directors post
completion of the transaction. Mr John Blue will remain as a
director. The new Board of Julia is proposed to be Mr Rick Crabb
(Chairman), Mr Alistair Cowden (Executive Director), Mr Brett Dickson
(Executive Director), and Mr John Blue (Non-Executive Director). Mr
David Muller will continue to consult to Julia given his knowledge of
the company and its projects.

The current directors believe the influx of new directors will
provide the impetus and enthusiasm to create a new look company in
the interest of all shareholders.

NEW CAPITAL RAISING

The transaction between Julia and AustCancer was arranged by Perth
Investment Bankers Chatsworth Stirling Pty Ltd (John Kenny, Rick
Crabb and Michael Blakiston). As part of this transaction, Julia will
issue 30 million shares at 1.35 cents to Chatsworth Stirling and/or
its nominees to raise $405,000.

DW Muller
MANAGING DIRECTOR

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Re: JLA Julia Corporation Limited FPO -- 30 million shares at 1.35 cents to Chatsworth, 02:37:57 02/17/03 Mon