(MENAFN- ProactiveInvestors)
() will receive additional cash from the sale of its Lennons Find Base Metal Project in Western Australia’s Pilbara region to unlisted Musketeer Mining.
The company will received an additional final cash payment of $75000 on or before 31 March 2015 and a cash payment of $125000 on or before 31 October 2015.
In addition it has elected to receive 2387898 shares or 10% in Musketeer.
This is subject to Musketeer’s acquisition by ().
IGS is acquiring 100% of Musketeer for 5.9186 IGS ordinary shares for each MML share or a total of 141329982 IGS shares 141329982 unlisted options and 150 million performance rights in three separate classes.
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