Ariana Resources Plc To Acquire Dogu Akdeniz Mineralleri San. ve Tic. Ltd

  • Oct 16, 2019 BST
  • Team Kalkine
  • Ariana Resources Plc (AAU) has entered into a conditional agreement to acquire 100% of Dogu Akdeniz Mineralleri San. ve Tic. Ltd.
  • The company being acquired is a subsidiary of KEFI Minerals plc and will be purchased outright by a subsidiary of Ariana at a cash consideration of £90,000 to KEFI.
  • As per the agreement, there will be an initial payment of £15,000, followed by staged payments to be made by the end of 2019.
  • On 16th October 2019, at the time of writing, GMT 08:05 AM, AAU shares were trading at GBX 1.92, up by 0.045 points or 2.40% against the previous day closing price.

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