The acquisition price is $600,000, comprising $300,000 cash payable at settlement and $300,000 in Tungsten Mining shares (“Consideration Shares”). Settlement is conditional upon the execution of a more formal sale agreement which the parties have agreed to complete expeditiously.
The Consideration Shares are to be issued in two tranches, with the first tranche equating to $150,000 (3,750,000 shares) to be issued at a deemed price of $0.04 per share. The second tranche, representing deferred consideration equating to $150,000, is to be issued six months after settlement at an issue price being the lesser of $0.04 per share and the five-day volume weighted average price immediately preceding the date of issue.
3.7m shares at $0.04 now worth $0.14 - a tidy deal for PLS....with a second tranche to come
The acquisition price is $600,000, comprising $300,000 cash...
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Last
$3.15 |
Change
-0.160(4.83%) |
Mkt cap ! $9.486B | |||
| Open | High | Low | Value | Volume |
| $3.20 | $3.22 | $3.09 | $384.4M | 121.3M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1587 | $3.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.16 | 20000 | 2 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |