Horizon Minerals Completes Acquisition of Western Australia Project; Shares Up 4%
MT Newswires Live
Nov 11
Horizon Minerals (ASX:HRZ) completed the acquisition of the Gordons Dam project in Western Australia, according to a Tuesday filing with the Australian bourse.
Yandal Resources (ASX:YRL) received AU$1.2 million in cash and about 37.6 million shares as consideration for the sale, the filing said.
The project includes 34 granted mining, prospecting, exploration, and miscellaneous licenses, covering an area of about 77 square kilometers located near the company's Black Swan processing plant, per the filing.
Horizon Minerals shares rose nearly 4% in afternoon trade on Tuesday, while Yandal Resources shares were up more than 7%.
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