LCL Resources (ASX:LCL) said Tiger Gold agreed to increase the total consideration payable for the sale option of its Andes and Quinchia projects in Colombia to AU$14 million, according to a Wednesday filing with the Australian bourse.
Additionally, Tiger Gold and the company agreed to remove the 'Stay Private' option from the option agreement, the filing said.
LCL Resources shares surged 33% in afternoon trade on Wednesday.
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.