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AKA — Aureka News Story

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Brief: Aureka To Buy High Grade Holdings

BRIEF-Aureka To Buy High Grade Holdings 

- Aureka Ltd AKA.AX:

  • ENTERS AGREEMENT TO BUY 100% OF HIGH GRADE HOLDINGS INCLUDING FIDDLERS CREEK MINE AND WEDDERBURN MILL

  • ACQUISITION CONSIDERATION A$8.9 MILLION; UP TO A$2.0 MILLION CONTINGENT PAYMENTS OVER 3 YEARS

  • TO RAISE A$5.65 MILLION VIA 2 TRANCHE PLACEMENT; SHARE PURCHASE PLAN AT A$0.12 PER AKA SHARE


Further company coverage: AKA.AX


((reuters.briefs@thomsonreuters.com))

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