Astute Metals NL (ASX:ASE) has entered into a conditional term sheet to acquire 20% stake in Knox Resources Pty Ltd from Greenvale Energy Ltd (ASX:GRV) for AUD 0.25 million on January 29, 2024. Prior to the transaction, Astute Metals NL (ASX:ASE) held 80%.Consideration payable to Greenvale Mining is 10 million ARO shares with 5 million shares at issue price of AUD 0.05 payable on completion and 5 million shares as deferred payment. The deal is subject to shareholder approval and regulatory approval.
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Apr. 30 | Greenvale Energy Acquires 75% Stake in EP145 in Amadeus Basin; Shares Surge 15% | MT |
Apr. 29 | Mosman Oil & Gas shares up as EP 145 farm-in approved in Australia | AN |
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- Astute Metals NL has entered into a conditional term sheet to acquire 20% stake in Knox Resources Pty Ltd from Greenvale Energy Ltd for AUD 0.25 million.