Trigg Minerals (ASX:TMG) entered into a binding heads of agreement to sell its K20 Minerals subsidiary to 1269280 WA for AU$61,600 to focus on its Achilles project, according to a Wednesday Australian bourse filing.
The proceeds from the transaction will be used for working capital, the filing added.
The sale is expected to be completed in the next 14 days, per the filing.
The company's shares rose nearly 4% in recent Wednesday trade.
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