Odessa Minerals Limited (ASX:ODE) entered into an agreement to acquire Lyndon Project from CRC Minerals Pty Ltd. on April 26, 2022. Consideration will be paid in the form of AUD 0.9 million in cash, issue of 52 million Odessa shares. A break fee of $200,000 will be payable to CRC in the event that Odessa's shareholders do not approve the acquisition of the Lyndon Project and the other conditions are satisfied.The transaction is subject to receipt of Ministerial consent under the Mining Act 1978 and Odessa obtaining shareholder approval for the issue of the Consideration Securities. As of October 26, 2022. Odessa Minerals Limited's shareholders have approved the acquisition of the Lyndon Project. The condition precedents have now been met to issue Tranche 1 of the acquisition. As of November 8, 2022, all the conditions precedent have been met for the transaction.

Odessa Minerals Limited (ASX:ODE) completed the acquisition of Lyndon Project from CRC Minerals Pty Ltd. on November 8, 2022.