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Exploration|Gold
Exploration|Gold
exploration|gold

Metalicity flags possible deal with Nex Metals

12th February 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – The share price of junior Metalicity on Wednesday closed 25% higher after the company flagged a possible corporate transaction with fellow-listed Nex Metals Exploration.

Metalicity and Nex Metals on Wednesday told their respective shareholders that the two companies had initiated discussions around a proposed corporate transaction.

While the discussions were preliminary, the proposed transaction was intended to unlock value at the Kookynie and Yundamindra gold prospects, in Western Australia, and to fast-track a farm-in agreement executed in May last year.

Metalicity shares closed at 0.5c a share on Wednesday.

Edited by Creamer Media Reporter

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