Forrestania to acquire MacPhersons from Beacon Mining

Forrestania Resources has signed a binding heads of agreement to acquire the entirety of MacPhersons Reward from Beacon Mining, a subsidiary of Beacon Minerals. The acquisition includes a total cash payment of A$5m. This amount includes an initial non-refundable deposit of A$500,000 upon the execution of the agreement. The remaining A$4.5m will be paid at the completion of the acquisition. Additionally, Forrestania will issue 36 million fully paid ordinary shares in its capital, each valued at A$0.38. ...