Beacon Minerals Completes Sale of Western Australia Tenement Package to Forrestania; Beacon Shares Up 3%

MT Newswires Live

04/02

Beacon Minerals (ASX:BCN) said it completed the sale of its non-core Mt Dimer tenement package in Western Australia to Forrestania Resources (ASX:FRS), according to a Thursday Australian bourse filing.

The company received a total consideration of AU$200,000 and will use the proceeds for working capital, per the filing.

The sale relates to Beacon's interest in the mining and exploration tenements M77/965, M77/957, M77/958, and E77/2518, together with associated mining information.

Beacon's shares rose past 3% in recent trading on Thursday, while Forrestania's shares were up 1%.

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