29th Jun 2021 17:22
Bluebird Merchant Ventures Ltd - Korean-focused gold development group - Agrees commercial terms to acquire partner Southern Gold's 50% interest in Gubong and Kochang joint venture in South Korea. Bluebird to issue 20 million shares at 3.6 pence each to fund deal, issuing initial 50 million. May also elect to pay USD7.5 million in cash or partly in cash, if it consider this more beneficial than issuing shares. "Upon completion of the acquisition, Bluebird will own 100% of the Gubong and Kochang gold projects," Bluebird says. Metal Tiger PLC notes deal, it has a 19% stake in Southern Gold.
Current stock price: 4.25p, up 29% on Tuesday
Year-to-date change: up 13%
By Eric Cunha; [email protected]
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