Elizabeth hill24 Aug 2020 08:13
Anybody concerned regarding the deal going through shouldn't be. The deal was struck well below current levels. 1p to 1.5p my initial target
ACQUISITION AGREEMENT
As outlined in the Agreement, the Company has the ability to acquire a 100%
interest in tenement M47/342 (covering 3.63km2), which encompasses the
Elizabeth Hill Silver Project for consideration of 200,000,000 Common shares ("
Shares") and 50,000,000 warrants in Alien Metals, which KMG will distribute to
its shareholders ("Distribution"). The Shares would be deemed to be issued at a
price of GBP0.0014 each, and each warrant would entitle the holder to purchase
one share at a price of GBP0.0025 for 18 months from the date of allotment of the
Shares.