Avira Resources settles Mount Macpherson Project Acquisition

  • Nov 30, 2019 AEDT
  • Team Kalkine

Mineral Exploration company, Avira Resources Ltd (ASX: AVW) completed the acquisition of all of the issued capital of Macpherson Pty Ltd as per the share sale agreement signed between Avira, Mount Macpherson and the shareholders of Mount Macpherson (Vendor), who is the owner of the Mt Macpherson Project, Paterson Province, WA.

The payable consideration to the Vendors is a total of 125,000,000 fully paid ordinary shares in AVW and up to 50,000,000 unlisted options to acquire Shares exercisable at $ 0.01 per Option expiring 15 November 2021. Issue of 25,000,000 of the Consideration Options to the Vendors is subject to shareholders approval.

 

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