Acquisition of 100% of Benmara Project
Resolution Minerals is pleased to advise that the Company has elected to acquire 100% of the Benmara Project from Strategic Energy Resources Limited (SER) – see initial announcement on 15 December 2020.
The consideration for the final stage of the agreement of outright purchase of the Benmara Project (EL32228) comprises a payment of $250,000 in RML shares or cash, at RML’s election. Resolution has elected to make payment via the issue of 13,773,778 shares as approved by shareholders at today’s Annual General Meeting. The number of shares has been calculated using the VWAP over the 5 day period prior to RML’s election to proceed. The consideration shares will be issued on 12 November 2021.