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MAG - Magmatic Resources News Story

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Last Trade - 2:44am

Sector
Basic Materials
Size
Micro Cap
Market Cap £11.0m
Enterprise Value £7.83m
Revenue £3.40m
Position in Universe 1518th / 1960

BRIEF-Magmatic Resources Says Co To Acquire 3 Western Australian Gold & Copper Assets

Fri 7th June, 2019 10:27am
June 7 (Reuters) - Magmatic Resources Ltd  MAG.AX :
    * ENTERED INTO AGREEMENTS TO ACQUIRE 3 WESTERN AUSTRALIAN
GOLD &
COPPER ASSETS TO COMPLEMENT EXISTING EAST LAVERTON, WA PROJECTS
    * COMBINED TOTAL CONSIDERATION IS $170,000 IN CASH & ISSUE
OF
127.7 MILLION SHARES IN MAGMATIC AT A DEEMED ISSUE PRICE OF
$0.03
    * ALSO PROPOSES TO DEMERGE ITS INTEREST IN EAST LACHLAN,
N.S.W
PROJECTS HELD BY ITS UNIT MODELING RESOURCES PTY LTD

Source text for Eikon:  ID:nASXcfN1z4 
Further company coverage:  MAG.AX 

 ((Reuters.Briefs@thomsonreuters.com;))
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