Unico Silver Limited (ASX:USL) has entered into a share purchase agreement to acquire the remaining 20% stake in A Portfolio of Gold & Silver Projects in the World-Class Santa Cruz Province from RN Gold Pty Ltd on March 26, 2024. Prior to the transaction, Unico Silver Limited (ASX:USL) held 80%. The total consideration payable by USL for the acquisition is 3 million fully paid USL shares, to be issued and allotted on the completion date of the agreement.

RN Gold will also retain a 1.5% net-smelter return royalty in respect all existing permits of MLD. It is expected that the completion of the proposed acquisition will occur in the coming weeks.