Metalsearch Limited (ASX: MSE) announced that it has acquired 100% of the share capital in Abercorn Kaolin Pty Ltd (Abercorn), the company that owns Abercorn High Purity Alumina (HPA) Project located in Queensland, Australia.
- The company has also raised $2.0 million capital, paid the initial cash consideration for the acquisition and has issued the shares and performance rights associated with the capital raising and acquisition;
- After the completion of the acquisition, Mr John Goody and Mr Keong Chan has been appointed to the Board.
At AEST 12:40 PM, the stock was trading at $0.014 per share, up by 16.667% from its previous close.
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