11th Jun 2021 14:01
Caerus Mineral Resources PLC - exploration & resource development company - Completes acquisition of PR Ploutonic Resources Ltd for GBP750,000. The GBP750,000 is made up of issue of 3.3 million shares at a price of 22.65 pence per share.
PR Ploutonic is a Cypriot exploration and mining company. The acquisition will provide Caerus with "access to a further suite of advanced copper - gold exploration licences" in Cyprus. Since announcing the intended acquisition in April, Caerus has conducted further exploration of the Troulli project to assess the extent and depth of the gold-bearing epithermal zones.
Chief Executive Martyn Churchouse says: "This acquisition represents an important addition to our licence portfolio. We are especially excited about the very promising initial exploration observations at Troulli."
Current stock price: 24.70 pence, down 8.5% Friday afternoon
Change since listing in London: up 90%
By Will Paige; [email protected]
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