Trek Metals Limited (ASX:TKM) entered into an agreement to acquire E45/4640 from Pilgangoora Operations Pty Ltd for AUD 0.30 million on May 17, 2022. The acquisition cost payable to Pilgangoora Operations in Trek Metals ordinary fully-paid shares based on a deemed issue price of the lesser and plus a 2.5% NSR Royalty. Shares issued will be subject to a voluntary 6-month escrow from the date of issue. The transaction is subject to completion of due diligence and all other necessary third party and regulatory approvals/consents.
Trek Metals Limited (ASX:TKM) completed the acquisition of E45/4640 from Pilgangoora Operations Pty Ltd on November 7, 2022.