IN BRIEF: Ajax Resources buys option for second Argentina gold project

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Ajax Resources PLC - natural resources investment - Takes out option to buy Minas La Escondida, a prospective gold and copper project in the Jujuy province of north west Argentina. The option from a local investor has a 45-day term and will cost Ajax $80,000 in cash. La Escondida is contiguous with the Eureka project, which Ajax recently conditionally acquired, and it shares similar geology. Ajax is buying the Eureka project licenses from AIM-listed Bezant Resources PLC. As a result of the two acquisitions, Ajax will no longer be a cash shell and will move its listing to the Aquis Stock Exchange from the London Main Market, effective on June 9. Its shares are suspended from trading.

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