AuDAX Resources Limited (ASX:ADX) Sells Cooper Basin Permit (PEL 182) Interest To Victoria Petroleum N.L.

  Perth, Australia, June 15, 2010 - (ABN Newswire) - AuDAX Resources Limited (ASX:ADX) (PINK:ADXRF) is pleased to announce that a Sales and Purchase Agreement has been signed with Victoria Petroleum N.L.(Vicpet) (ASX:VPE) for the sale of ADX's interest in the South Australian onshore Cooper Basin Petroleum Exploration Licence 182.ADX is the operator of the permit and holds a 49.9% interest. The cash consideration for the sale is A & #36;1.1 million.  

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