Beacon Minerals Limited (ASX:BCN) acquired 19.82% stake in Maximus Resources Limited (ASX:MXR) from Pantoro Limited (ASX:PNR) for AUD 0.042 per share on January 27, 2023. Beacon will fund the purchase of the shares using its current cash reserves. Paul Cmrlec has resigned as a Non-executive Director of the Maximus effective January 27, 2023 following the sale of Pantoro Limited shareholding in Maximus. As an Alternate Director to Cmrlec, Scott Huffadine has also submitted his resignation to the Maximus.

Beacon Minerals Limited (ASX:BCN) completed the acquisition of 19.82% stake in Maximus Resources Limited (ASX:MXR) from Pantoro Limited (ASX:PNR) for AUD 0.042 per share on January 27, 2023.