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Perilya seals deal for $20m project sale
6-October-08
Written by Rebecca Lawson
The potential merger between CBH Resources Ltd and Perilya Ltd will have to go ahead without the Mount Oxide copper project, after formal agreements were executed for the $20 million scrip sale.
Takeover target Perilya and West Perth-based Chalice Gold Mines Ltd have finalised due diligence investigations and have both agreed to the transaction.
The sale of the copper and cobalt project to Chalice is for the consideration of 200 million Chalice shares to Perilya.
Article continues...
6-October-08
Written by Rebecca Lawson
The potential merger between CBH Resources Ltd and Perilya Ltd will have to go ahead without the Mount Oxide copper project, after formal agreements were executed for the $20 million scrip sale.
Takeover target Perilya and West Perth-based Chalice Gold Mines Ltd have finalised due diligence investigations and have both agreed to the transaction.
The sale of the copper and cobalt project to Chalice is for the consideration of 200 million Chalice shares to Perilya.
Article continues...
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