Western Mines Group Ltd (ASX:WMG) signed a binding agreement to acquire Tenement of E39/2134 from Dynamic Metals Limited (ASX:DYM) for AUD 0.05 million on October 3, 2023. Under the terms of agreement, consideration payable to Dynamic will be AUD 20,000 cash, 100,000 fully paid ordinary shares in Western Mines Group, 200,000 options over ordinary shares (with an exercise price of AUD 0.60 per share, exercisable 3 years from the date of issue) and Western Mines Group will grant Dynamic a 1% Net Smelter Royalty in respect of any minerals extracted and recovered from the Tenement. The transaction is expected to close within 5 days.
Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
0.195 AUD | +2.63% | +2.63% | +39.29% |
Mar. 06 | Dynamic Metals Limited Reports Earnings Results for the Half Year Ended December 31, 2023 | CI |
Jan. 23 | Dynamic Metals Finds Lithium Trends at Widgiemooltha Project | MT |
Stocks mentioned in the article
Price
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Change
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5d. change
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Capi.
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0.41 AUD | -4.65% | +38.98% | 20.08M | ||
0.195 AUD | +2.63% | +2.63% | 6.23M | ||
1st Jan change | Capi. | |
---|---|---|
+39.29% | 6.23M | |
-14.40% | 143B | |
-6.66% | 117B | |
-0.55% | 71.07B | |
+5.25% | 50.97B | |
+13.30% | 48.38B | |
+34.12% | 39.93B | |
+22.92% | 26.1B | |
+32.58% | 21.36B | |
+58.44% | 18.57B |
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- Western Mines Group Ltd signed a binding agreement to acquire Tenement of E39/2134 from Dynamic Metals Limited for AUD 0.05 million.