EQE finalizes agreements with MMC for acquisition of Chilean assets

Equus Mining Limited (ASX: EQE) has entered into binding agreements with Mitre Mining Corporation Limited for the acquisition of all Chilean assets. The sale involves the transfer of Equus' Australian subsidiary, Equus Resources Pty Ltd, which holds assets of the Cerro Bayo and Cerro Diablo projects. Mitre will also acquire assets from Equus' subsidiaries, Southern Gold SpA and Equus Patagonia SpA, including the Los Domos exploration project.

The transaction is subject to various conditions, including shareholder approval from both Equus and Mitre. Shareholder meetings are scheduled for January 2024, and Mitre aims to raise a minimum of AU$6 million. The transaction is intended to close before January 31, 2024, with the sale of Equus Resources Pty Ltd and the Los Domos project occurring concurrently.

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