Sale of Meekatharra assets
The Company has today completed the sale of its Meekatharra assets to Mercator Gold plc (Mercator) for valueof AUD$21M [USD$15.8M].
The consideration for the sale comprised:
Cash $5M
Assumption of environmental bonds $3M Value of shares in Mercator @ UK 50p per share=$ 13M
The number of Mercator shares issued to the Company is 11,016,949. The shares will be held in escrow for 12 months, and represent approximately 24.4% of Mercator’s fully diluted issued capital.
Eduard Eshuys Managing Director & CEO 31 January 2006
G:\Corporate\Co Sec\ASX and AIM\2006\060121 Sale of Meekatharra assets.doc
sale of meekatharra assets for $21m
Add SBM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
26.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $216.7M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 15000 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 92 | 1 |
View Market Depth
| Last trade - 09.45am 16/05/2024 (20 minute delay) ? |
| SBM (ASX) Chart |
Day chart unavailable