Labyrinth Resources Limited (ASX:LRL) agreed to acquire Admiral Gold Limited from Bardoc Gold Pty Ltd for AUD 5.5 million on November 18, 2024. The consideration consists of AUD 4.5 million based on 17.86 million common equity of Labyrinth Resources Limited to be issued for common equity of Admiral Gold Limited. Labyrinth Resources Limited will pay an earnout/contingent payment of AUD 1 million cash on the achievement of first commercial production from the Tenements.
The completion of the transaction is expected towards the end of November 2024.
Labyrinth Resources Limited agreed to acquire Admiral Gold Limited from Bardoc Gold Pty Ltd for AUD 5.5 million.
Published on 11/17/2024
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