Flynn Gold Limited (ASX:FG1) agreed to acquire Firetower and Warrentinna tenements from Greatland Gold plc (AIM:GGP) for AUD 1.14 million on June 5, 2023. The consideration comprises of - initial consideration of AUD 2 million to be satisfied by the issue of 2 million Flynn Gold shares, AUD 0.5 million upon the definition of a JORC-compliant Mineral Resource of at least 500,000 ounces of gold in aggregate within one or both of the Tasmanian Tenements (payable in cash or Flynn Gold shares, at Flynn Gold's election), AUD 0.5 million upon the issue of a permit to mine by Mineral Resources Tasmania in respect of any part of the Tasmanian Tenements (payable in cash or Flynn Gold shares, at Flynn Gold's election) and a 1% Net Smelter Royalty payable to Greatland in respect of any production from the Tasmanian Tenements. The transaction is approved by the Board of Flynn Gold Limited. The acquisition will formally complete on or around June 9, 2023.

Flynn Gold Limited (ASX:FG1) completed the acquisition of Firetower and Warrentinna tenements from Greatland Gold plc (AIM:GGP) in the period ending on June 30, 2023.