Heads of Agreement signed for acquisition of Blom Diamonds
HIGHLIGHTS
Binding
HOA
signed for acquisition of 74% interest in Blom Diamonds
Creation of a unique vertically integrated investment vehicle to combine full
value chain of diamond
exploration/
production, trading, beneficiation, cutting
and polishing
Transaction structure to significantly align both parties’ interests
Tychean Resou
rces Limited (ASX:TYK) (Tychean or the Company) announces today that it
has signed a binding Heads of Agreement (HOA) to acquire a 74% interest in Blom Diamond
Cutting Works Pty Ltd and Ernest Blom Diamonds CC (Blom Diamonds), an established
South Africa
-
b
ased diamond company. The acquisition is the culmination of significant
efforts in securing a cornerstone project and will transform Tychean into a vertically
integrated diamond
-
focused company.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
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---|---|---|
1 | 8273 | 2.2¢ |
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Price($) | Vol. | No. |
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2.3¢ | 1918704 | 8 |
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No. | Vol. | Price($) |
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1 | 8273 | 0.022 |
13 | 4584079 | 0.021 |
17 | 7569492 | 0.020 |
12 | 9117313 | 0.019 |
5 | 5718799 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 1918704 | 8 |
0.024 | 2243737 | 9 |
0.025 | 1349331 | 8 |
0.026 | 2221286 | 6 |
0.027 | 1047146 | 5 |
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