Moreton Resources acquires tenements

Feb 5 (Reuters) - Moreton Resources Ltd (MRV) :

  • Mrv acquires highly prospective tenements (MRV)
  • Through its unit Mrv Metals Pty Ltd, it has entered into a binding agreement
  • Agreement to acquire a range of tenements in the granite belt region, close to the township of Texas in Southern Queensland
  • Says acquisition is fully funded from current cash reserves
  • Says co is expected to spend less than $75,000 through purchase of these tenements from liquidator of former alcyone assets
                


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