Dreadnought Resources Limited (AU:DRE) has released an update.
Dreadnought Resources Ltd has announced the issuance of 16 million ordinary fully paid shares to be quoted on the ASX under the ticker DRE, as part of the acquisition of tenements by its subsidiary, Dreadnought Exploration Pty Ltd. The deal includes a total cash payment of $50,000 to an unrelated vendor, along with a 1% revenue royalty on all minerals extracted from the tenements.
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