Astute Metals NL (ASX:ASE) has entered into a conditional term sheet to acquire 20% stake in Knox Resources Pty Ltd from Greenvale Energy Ltd (ASX:GRV) for AUD 0.25 million on January 29, 2024. Prior to the transaction, Astute Metals NL (ASX:ASE) held 80%.Consideration payable to Greenvale Mining is 10 million ARO shares with 5 million shares at issue price of AUD 0.05 payable on completion and 5 million shares as deferred payment. The deal is subject to shareholder approval and regulatory approval.
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- Astute Metals NL has entered into a conditional term sheet to acquire 20% stake in Knox Resources Pty Ltd from Greenvale Energy Ltd for AUD 0.25 million.