Comet Resources (ASX:CRL) - Managing Director, Matthew O'Kane - The Market HeraldManaging Director, Matthew O'KaneSource: The Market Herald
  • Comet Resources (CRL) now owns 50 per cent of the Santa Teresa Gold Project
  • In June, the company signed an agreement with El Alamo for the acquisition of Santa Teresa in Mexico
  • Now, Comet has executed the final agreement with El Alamo's shareholders to receive the 50 per cent stake
  • The company does have an option to own 100 per cent of the project within two years
  • Additionally, the company is in the final stages of securing up to US$20 million (nearly A$28 million) in funding from Raptor Capital International
  • Comet is up 14.3 per cent on the market this morning and is trading for 2.4 cents per share