Prodigy Gold NL enters into an agreement with Stockton Mining Pty Ltd

Prodigy Gold NL (ASX: PRX) announced that it had signed an agreement with Stockton Mining Pty Ltd to divest its Old Pirate Gold Project and 23 nearby exploration tenements situated in the Tanami Region of the Northern Territory. Under the agreement, Stockton Mining Pty Ltd will pay a deposit of AU$100,000 in two stages, Pre-IPO payment of AU$750,000, IPO payment of AU$863,000 from IPO proceeds, and 12,500,000 consideration shares at IPO with a deemed issue price of AU$0.20.

The agreement will allow:

• The sale of 23 exploration tenements.
• The part of ML29822 which holds the Old Pirate Project, excluding the area containing the Buccaneer Project;
• Camp, mill, and airfield surface infrastructure.

The Company would retain the right to access to the camp and infrastructure to let PRX progress its Buccaneer Project.

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