- 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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