Brief: Resource Base Executed Binding Term Sheet To Acquire 100% Of Mitre Hill

Resource Base

27/09/2021 02:54

Sept 27 (Reuters) - Resource Base Ltd  RBX.AX :
    * EXECUTED A BINDING TERM SHEET TO ACQUIRE 100% OF MITRE
HILL PTY
    * COMMITMENTS RECEIVED TO RAISE A$1.2 MILLION THROUGH ISSUE
OF 6
MILLION SHARES AT ISSUE PRICE OF A$0.20 PER SHARE
    * PLACEMENT TO FUND COSTS ASSOCIATED WITH PROPOSED
TRANSACTION,
PROPOSED EXPLORATION PROGRAM ON ELS AND WORKING CAPITAL

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