Brief: CropLogic Ltd Says Entered A Binding Deal To Buy 100% Of Issued Capital Of Rocktivity Gold Pty

Olympio Metals

07/12/2021 10:34

Dec 7 (Reuters) - CropLogic Ltd  CLI.AX :
    * ENTERED INTO A BINDING AGREEMENT TO ACQUIRE 100% OF ISSUED
CAPITAL OF ROCKTIVITY GOLD PTY
    * UNDER PROPOSED ACQUISITION, CO WILL ACQUIRE AN INDIRECT
INTEREST
IN EACH OF TENEMENTS COMPRISING GOLDFIELDS PROJECTS
    * CO TO RAISE UP TO A$6 MILLION VIA RE-COMPLIANCE CAPITAL
RAISING
    * INTENDS TO UNDERTAKE CONSOLIDATION OF CO'S EXISTING
CAPITAL
STRUCTURE ON A 1 FOR 160 BASIS
    * ROCKTIVITY ALSO HOLDS AN OPTION TO ACQUIRE TENEMENTS
COMPRISING
HALLS CREEK PROJECTS

Source text for Eikon:  ID:nASX4vdPXT 
Further company coverage:  CLI.AX 

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