Xstate Resources Limited (ASX:XST) signed binding letter agreement to acquire an additional 25% stake in Alberta Plains Assets from Blue Sky Resources Ltd. for CAD 1.5 million on July 14, 2021. Under the agreement, Xstate Resources Limited shall pay CAD 0.3 million in cash along with issuance of 254.5 million shares. The transaction will be funded from cash reserves. The transaction is subject to 30 days due diligence and the signing of a formal agreement.

Xstate Resources Limited (ASX:XST) completed the acquisition of an additional 25% stake in Alberta Plains Assets from Blue Sky Resources Ltd. on February 3, 2023.