It is Out.
HIGHLIGHTS
Archer - through its wholly owned subsidiary Kensington Exploration Pty Ltd - and BHP Billiton have executed a binding Sale and Purchase Agreement.
The Sale and Purchase Agreement covers the sale to BHP Billiton of five (5) exploration licences covering 3,699 km2 of the Stuart Shelf region.
On Completion BHP Billiton will pay Archer AUD$8 million in cash.
Completion is subject to Ministerial Consent to renewal and transfer of the Tenements.
After completion Archer will be in a position to accelerate the development of its graphite projects with a cash balance of approximately $12m (excluding proceeds from the current Share Purchase Plan).
archer sells west roxby area tenements
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28.0¢ |
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Mkt cap ! $71.35M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 30.0¢ | 28.0¢ | $126.8K | 441.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 52630 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 23643 | 1 |
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