Bryah Resources (ASX:BYH) has exercised its option to acquire the Golden Pike high-grade gold and antimony project in Canada, from Globex Mining Enterprises, according to a Friday filing with the Australian bourse.
Under the deal, Bryah will pay CA$280,000 to Globex, comprising a mix of cash and fully paid ordinary shares, the filing said.
A formal contract is expected to be executed within a week, the filing added.
Shares of the company rose 17% in recent Friday trade.
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