Brief: Burgundy Diamond Mines Secures Option To Acquire Ellendale Diamond Project
24/03/2021 01:32
March 24 (Reuters) - Burgundy Diamond Mines Ltd BDM.AX :
* BURGUNDY SECURES OPTION TO ACQUIRE ELLENDALE DIAMOND
PROJECT
* BURGUNDY TO PAY A$1.7 MILLION IN CASH & ISSUE 4 MILLION
FULLY
PAID ORDINARY SHARES TO GIBB RIVER DIAMONDS AS FIRST OPTION
PAYMENT
* ACQUISITION INCLUDES MINE RENOWNED FOR HIGH-VALUE YELLOW
DIAMONDS & HIGHLY PROSPECTIVE ADJOINING ALLUVIAL DIAMOND DEPOSIT
* TOTAL TRANSACTION CONSIDERATION IS A$6.7 MILLION IN CASH,
16
MILLION BURGUNDY FULLY PAID ORDINARY SHARES IN BURGUNDY
Source text for Eikon: ID:nASX3vQ8Tj
Further company coverage: BDM.AX
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