Brief: Megado Gold Says To Acquire Us High-Grade Rare Earth Element Project

Megado Minerals

14/04/2022 02:36

April 14 (Reuters) - Megado Gold:
    * TO ACQUIRE US HIGH-GRADE RARE EARTH ELEMENT PROJECT
    * TO RAISE A$2.4M AT AN ISSUE PRICE OF A$0.08 PER SHARE
    * CONSIDERATION OF 32 MILLION FULLY PAID ORDINARY SHARES IN
MEGADO
AND 5 MILLION OPTIONS
    * TO CONDUCT CAPITAL RAISING THROUGH PLACEMENT OF 30 MILLION
SHARES AT ISSUE PRICE OF A$0.08 PER SHARE

Source text for Eikon:  ID:nASX106k8S 
Further company coverage:  MEG.AX 

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