Brief: Arctic Minerals: Acquisition of Rare Earth Energy Metals

Arctic Minerals AB (publ)

08/10/2024 10:30

Oct 8 (Reuters) - Arctic Minerals AB (publ)  ARCT.ST :
    * SAID ON MONDAY SIGNED A SHARE PURCHASE AGREEMENT REGARDING
THE
ACQUISITION OF ALL SHARES IN THE AUSTRALIAN COMPANY RARE EARTH
ENERGY METALS PTY LTD
    * THE PURCHASE PRICE FOR ALL SHARES IN RARE EARTH ENERGY
METALS
PTY LTD WILL BE PAID IN THE FORM OF SELLER PROMISSORY NOTES OF
APPROXIMATELY SEK 45.0 MILLION, WHICH WILL BE OFFSET AGAINST
166,485,291 NEWLY ISSUED SHARES IN ARCTIC MINERALS, AT A
SUBSCRIPTION PRICE OF SEK 0.27 PER SHARE

        
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