Rex Minerals Limited (ASX:RXM) executed a non-binding Heads of Agreement to acquire Hog Ranch Group Pty Ltd. from Richard Laufmann and others for AUD 1.2 million on July 17, 2019. As per the agreement, Rex will issue 10 million fully-paid ordinary Rex shares and 20 million performance rights which will convert to Rex shares based on the outcome of certain performance hurdles. Rex Minerals will do the due diligence and finalize commercial terms. The transaction is subject to shareholder approval. Rex Minerals Limited (ASX:RXM) completed the acquisition of Hog Ranch Group Pty Ltd. from Richard Laufmann and others on August 20, 2019. Rex Minerals Limited entered into a share purchase agreement to acquire Hog Ranch Group Pty Ltd. from Richard Laufmann and others on August 20, 2019. The 20 million Hog Ranch Consideration Rights will convert to Rex shares on the outcome of the following Milestones: 5 million Hog Ranch Consideration Rights on announcement by Rex to Australian Stock Exchange by no later than October 31, 2024 and 15 million Hog Ranch Consideration Rights on announcement by Rex to Australian Stock Exchange by no later than October 31, 2024 of the Board approving a decision to mine the Hog Ranch Project.