Zeus Resources (ASX:ZEU) agreed to acquire the Casablanca project in Morocco from Ashgill Morocco, according to a Monday filing with the Australian bourse.
The company agreed, pending shareholder approval, to issue the vendor 62.5 million shares, with 50% of the consideration shares escrowed for six months from the date of issue, and 12 million performance rights to settle the acquisition, the filing said.
The transaction is subject to shareholder approval and will be completed through the company's Moroccan subsidiary, Zeus Morocco Resources, according to the filing.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.