E2 Metals Ltd. (AU:USL) has released an update.
Austral Gold Limited has announced the sale of its majority stake in the Sierra Blanca Project to Unico Silver, receiving 5 million Unico shares and up to A$20,000 in administrative fee reimbursements. This deal not only solidifies Unico’s asset base in the Santa Cruz province of Argentina but also increases Austral Gold’s existing interest in Unico from 11.62% to an expected 12.33%. The completion of the transaction is subject to shareholder approval and other customary conditions by July 31, 2024.
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