Horizon Minerals (ASX:HRZ) executed a binding tenement sale agreement to acquire a 100% interest in the Gordons, Mt. Jewell, Malone, and Mulgarrie gold projects in Western Australia from Yandal Resources (ASX:YRL) for AU$2.8 million in total, according to a Tuesday Australian bourse filing.
The projects comprise 34 granted mining, prospecting, exploration, and miscellaneous licenses covering an area of around 77 square kilometers near Horizon's Black Swan processing plant, the filing said.
The consideration includes AU$1.6 million in fully-paid Horizon shares on completion at an issue price equal to a 10% discount to the 15-trading-day volume-weighted average price up to and including the day immediately before the date of execution of the agreement, per the filing.
The sale is expected to settle in the September quarter, subject to regulatory approvals and other conditions.
Yandal Resources' shares fell almost 4% in recent Tuesday trade.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。