Pan Asia Metals Limited (ASX:PAM) entered into binding memorandums of understanding to acquire a portion of the Pink Li Project and the Hilix Li Project from Thomas Eggers for $4.6 million on July 28, 2023. As per the memorandums of understanding, Pan Asia Metals will pay $0.11 million on signing to Thomas Eggers with due diligence to be completed by September 30, 2023. Pan Asia Metals will pay exclusivity payment of $0.01 million, at end of first year will pay $0.05 million, at end of second year will pay $0.15 million, at end of year third will pay $0.3 million, at end of fourth year will pay $1 million, will pay for exploitation permit $3 million.
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5-day change | 1st Jan Change | ||
0.16 AUD | +6.67% | -.--% | +28.00% |
1st Jan change | Capi. | |
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+28.00% | 17.44M | |
+32.95% | 90.2B | |
+17.24% | 71.73B | |
-.--% | 27.32B | |
+45.83% | 10.32B | |
+22.89% | 9.27B | |
+17.04% | 9.16B | |
-6.93% | 7B | |
+40.85% | 6.62B | |
-44.51% | 5.15B |
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- Pan Asia Metals Limited entered into binding Memorandums of Understanding to acquire a portion of the Pink Li Project and the Hilix Li Project from Thomas Eggers for $4.6 million.