RE: Mod20 Dec 2018 06:53
The values halved hasn't it !
Sale of T3 Project and creation of New Exploration Joint Venture with MOD Resources
Metal Tiger is pleased to announce that it has signed a binding agreement (the “Agreement�) with its joint venture partner MOD Resources Limited (“MOD�) to sell its 30% interest in the T3 Project in consideration for 17,200,000 MOD shares and 40,563,566 options to receive a further 40,563,566 MOD shares for nil consideration (“Options�), exercisable under certain conditions, for a total value equivalent to A$27.7 million based on the last traded price of MOD shares on the ASX as at 17 July 2018 of A$0.48 per share.