Minotaur Exploration Limited (ASX:MEP) agreed to acquire remaining 60% stake in Altia Lead-Silver Deposit from Sandfire Resources America Inc. (TSXV:SFR) for AUD 3.2 million on August 24, 2021. The Altia joint venture will be terminated, ceding Minotaur 100% control of the Altia and Sandfire tenure, for the following agreed payments of Cash deposit: AUD 100,000 payable on signing, Deferred Cash of AUD 200,000 payable on conversion of the Consideration Options, Shares of 18 million new Minotaur shares payable on completion, Consideration Options of 1 million new Minotaur shares issued at AUD 0.20 expiring March 2024, Deferred Shares of 9 million new Minotaur shares issued 24 months after completion, Royalty of 1% NSR over all tenements. The structure represents a nominal AUD 3 million acquisition value at Minotaur's current share price of AUD 0.10.
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- Minotaur Exploration Limited agreed to acquire remaining 60% stake in Altia Lead-Silver Deposit from Sandfire Resources America Inc. for AUD 3.2 million.