BSN 2.22% 11.0¢ basin energy limited

there's another good reason to ramp up on the cash and...

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    there's another good reason to ramp up on the cash and exploration spend...
    with the CanAlaska deal.. they need to spend $2.5m on exploration for each of Geikie and North Millennium ($5m total) within 24mth of IPO (Oct 4, 2024) to increase project ownership to 60%.
    and then another $5m on each by 4/10/26 to increase to 80% at which point they will issue 2.25m BSN shares to CanAlaska.
    details are in the 4/10/22 announcement
 
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