9th Jun 2022 14:48
Citius Resources PLC - Rugby, England-based company seeking to buy precious or base metals projects - Signs binding heads of terms for the acquisition of AUC Mining (U) Ltd. AUC owns the Kamalenge gold project in the Mubende gold district of Uganda. The GBP2.0 million price tag would be paid with the issue of 43.24 billion Citius shares at an implied price of 4.63 pence each. The deal represents a reverse takeover, so trading in Citius shares is suspended from Thursday. The stock was last quoted at 3.00p. Citius listed on the London Main Market back in August of last year. Read More