EV Resources (ASX:EVR) has agreed to sell unit Monomatapa Investments, which holds 49 unpatented claims over the Coyote Creek Antimony Project in Utah, to Trigg Minerals (ASX:TMG), according to a Monday filing with the Australian bourse.
The deal includes AU$225,000 in upfront cash, AU$225,000 in Trigg shares at completion, and a deferred AU$450,000 payable in cash or shares upon a future joint ore reserves committee-compliant resource estimate.
Completion is expected within 20 business days, pending the formal transfer of the unit's shares to Trigg.
Shares of Trigg rose past 5% in recent Monday trade.
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