VRX Silica Limited (ASX:VRX) has recently notified that it has entered into a conditional agreement with New Energy Metals Limited for the sale of its 100 per cent owned subsidiary and holder of Biranup Project, Ventnor Gold Pty Ltd.
Following the key update, the Company’s stock is trading ~10 per cent higher as at 11:59 AM AEST.
New Energy Metals Limited would acquire the Biranup Project via purchase of 100 per cent of the issued share capital of Ventnor Gold Pty Ltd. VRX is pleased to execute the agreement on the terms that would enable it to share in any future exploration success.
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