Platina Resources Limited (ASX:PGM) entered into a binding term sheet agreement to acquire Sangold Resources Pty Ltd for approximately AUD 2.7 million on August 10, 2022. Sangold Resources owns the Beete and Binti Binti Projects and has an exclusive option to acquire the Brimstone Project. The transaction is subject to a three-month exclusivity and due diligence period. Euroz Hartleys acted as financial advisor to Platina Resources Limited with a advisory fee of AUD 75,000.

Platina Resources Limited (ASX:PGM) Completed the acquisition of Sangold Resources Pty Ltd on November 11, 2022. Platina Resources Limited allotted 80.65 million ordinary fully paid shares of which 77.41 million Shares will be subject to a 12-month escrow period and 3.22 million Shares will be subject to a 3-month escrow period and the payment of AUD 0.15 million cash as consideration for the purchase of Sangold Resources Pty Ltd.