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Adelong Gold shores up 'strengthening' deal with Sarama Resources, Cosmo Gold

Summary by themarketonline.com.au

Adelong Gold (ASX:ADG) has completed its settlement of an outstanding loan arrangement with private Cosmo Gold Ltd for a stake in Sarama Resources (ASX:SRR). Through that deal, Adelong now owns a stake in the latter. The company received 25M shares in Sarama – currently worth 2.8cps – as well as 7.5M options worth approximately $675,000 put together. This, Adelong said, provides it with a boost to its asset portfolio – and “positions [us] for fu…

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themarketonline.com.au

Adelong Gold shores up 'strengthening' deal with Sarama Resources, Cosmo Gold

Adelong Gold (ASX:ADG) has completed its settlement of an outstanding loan arrangement with private Cosmo Gold Ltd for a stake in Sarama Resources (ASX:SRR). Through that deal, Adelong now owns a stake in the latter. The company received 25M shares in Sarama – currently worth 2.8cps – as well as 7.5M options worth approximately $675,000 put together. This, Adelong said, provides it with a boost to its asset portfolio – and “positions [us] for fu…

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themarketonline.com.au broke the news in 3 months ago on Thursday, December 5, 2024.

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