Australia's Alicanto Minerals rises on buying copper-gold mine in Sweden

Sinclair Gold

09/11/2022 24:19

** Shares of Alicanto Minerals  AQI.AX  rise as much as 16%
to A$0.058
    ** Says it entered a binding agreement to buy the Falun mine
and surrounding tenements in Sweden, which has historically
produced copper, gold, zinc, lead and silver 
    ** Deal for total consideration of A$200,000, split as
A$50,000 in cash and remaining in AQI shares 
    ** Agreement with Explora Mineral AB
    ** As of last close, AQI down 56.5% YTD
 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))