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Golden State Mining signed a deal to divest selected Cue tenements

Mar 28, 2023

Golden State Mining Limited (ASX: GSM) stated that it has entered into a binding agreement with Victory Metals Limited to sell a 100% interest in tenements P20/2345 and P20/2346 at Cue in Western Australia's Murchison area.

In consideration for the acquisition:

  • Victory agreed to issue GSM 150,000 fully paid ordinary shares in Victory's capital.
  • GSM will earn a royalty of 1.0% on tenements P20/2345 and P20/2346.
  • GSM will be given 66,666 Victory options with an exercise price of AU$0.30 per option and an expiration date of two years from the award date.

 

 

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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

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