WTM 0.00% 11.5¢ waratah minerals limited

Managing Director selling down shares?The David Flanagan-chaired...

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    Managing Director selling down shares?
    The David Flanagan-chaired junior said this morning it had signed binding agreements with the private owners of Gippsland Prospecting to secure a 67 per cent in the company, which has the sole rights to the Block 4 exploration licence, which lies adjacent to Stavely Minerals’ Thursday’s Gossan copper-gold project in Victoria.The 809sqkm tenement also hosts the historic Moyston gold mine, which produced 75,000oz at 22 grams per tonne.Battery will pay $335,000 to Gippsland’s two major owners Kent Balas and Darryl Clark and issue them with 294.4 million new shares as consideration. Mr Balas and Mr Clark will also join Battery’s board with the former being appointed managing director. Credit: Resources Rising Stars 6/3/20
 
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