Brief: Astro Resources Announces Market Update Acquisition Of Georgina Basin Project & Placement

Venari Minerals NL

19/09/2022 02:39

Sept 19 (Reuters) - Astro Resources NL  ARO.AX :
    * MARKET UPDATE ACQUISITION OF GEORGINA BASIN PROJ &
PLACEMENT
    * AGREED WITH GREENVALE MINING LTD DEFINITIVE LEGAL
DOCUMENTS FOR
ARO'S ACQUISITION OF 80% OF SHARES IN KNOX RESOURCES
    * CONTINUES TO WORK ON PROPOSED SPIN-OFF OF ITS EAST
KIMBERLY
DIAMOND PROJECT
    * UNIT ARGYLE RESOURCES LTD EXPECTED TO BE SPIN-OFF VEHICLE
THAT
WILL LIST ON ASX
    * CO HAS ENTERED INTO A NON-BINDING LETTER OF INTENT WITH 
LUNA
LITHIUM LIMITED (LUNA) TO FORM A JV ENTITY GALACTIC LITHIUM
    * EXPECTED MINIMUM AMOUNT SOUGHT TO BE RAISED UNDER
PLACEMENT TO
REDUCE FROM A$2.25 MILLION TO A$1.75 MILLION

Source text for Eikon:  ID:nASX9L6KcF 
Further company coverage:  ARO.AX 

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