Hastings Technology Metals (ASX:HAS) met all conditions for Metal Bank's (ASX:MBK) acquisition of its gold assets in Western Australia, according to a Monday filing with the Australian bourse.
The acquisition is expected to be completed on Friday, upon which Metal Bank will issue 160 million of its shares to the company, the filing said.
The company's Chief Operating Officer Tim Gilbert is appointed as chief executive of MBK, effective Monday, the filing added.
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