WCN:
Commenting on the acquisition of Midway Resources, White Cliffs’ Non-Executive
Chairman Michael Soucik said:
“We have demonstrated over the last 12+ months the ability to unlock value from
the Company’s existing project portfolio and to identify low-cost acquisition
opportunities to grow shareholder value. The Reedy South Gold project is
continuing to grow in scale and potential, and we see a busy year in 2021 and
beyond.
“We believe that the proposed acquisition of Midway Resources is complimentary
to the Company’s existing portfolio. The assets hold a mixture of historical results
and exploration upside. The Company will endeavour to define a maiden JORC
resource at the Muirs project from the historical results and undertake a drilling
program at Mareburn and Longwood projects where exploration targets have been
identified.”
Refer to ann.(24/3/21) for more info. Also be wary of 30M escrowed shares released on 7/4/21.
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