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Execution of Share Purchase Agreement to Acquire Two Silver Projects in New South Wales
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Execution of Share Purchase Agreement to Acquire Two Silver Projects in New South Wales
Rapid Lithium Limited (Rapid or Company) is pleased to announce that it has entered into a Share Purchase Agreement (SPA) with Silver Metal Group Limited (SMG) (formerly Thomson Resources Ltd) to acquire all of the shares in two subsidiaries of SMG, being Conrad Resources Pty Ltd and Webbs Resources Pty Ltd (Transaction) for a total consideration of A$6.50 million in cash and shares. HIGHLIGHTSFollowing completion of the Transaction, Rapid will …
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