Marquee Resources Limited entered into an agreement to acquire Fairview gold project in Western Australia from Pure Mining Pty Ltd for AUD 0.23 million.

Marquee Resources Limited (ASX:MQR) entered into an agreement to acquire Fairview gold project in Western Australia from Pure Mining Pty Ltd for AUD 0.23 million on July 17, 2023. Consideration for the sale consists of 6.5 million MQR shares and 6 million options with an exercise price of AUD 0.05, expiring 3 years from the date of issue. The Consideration Shares and Options will be subject to 6-months voluntary escrow from date of issue.

Completion of the transaction is subject to completion of due diligence investigations to the satisfaction of Marquee, the parties obtaining all necessary shareholder, regulatory or third-party approvals required to issue the consideration securities and transfer the Project and Pure Mining (or its nominees) entering a voluntary escrow deed. The transaction is expected to complete in 5 business days following the satisfaction (or waiver) of the conditions.