Carnavale Resources Limited (ASX:CAV) exercised its option to acquire 80% in Ora Banda South Gold Project from Western Resources Pty. Ltd. for AUD 0.24 million on October 4, 2022. Under the terms, Carnavale Resources Limited will pay AUD 0.15 million in cash and issue 15 million ordinary shares. Transaction is expected to close on October 11, 2022.
Carnavale Resources Limited (ASX:CAV) completed the acquisition of 80% stake in Ora Banda South Gold Project from Western Resources Pty. Ltd. on October 12, 2022. Carnavale Resources Limited paid AUD 0.15 million in cash and issued 15 million ordinary shares to Western Resources Pty. Ltd.