Pan Asia Metals Limited (ASX:PAM) entered into binding memorandums of understanding to acquire a portion of the Pink Li Project and the Hilix Li Project from Thomas Eggers for $4.6 million on July 28, 2023. As per the memorandums of understanding, Pan Asia Metals will pay $0.11 million on signing to Thomas Eggers with due diligence to be completed by September 30, 2023. Pan Asia Metals will pay exclusivity payment of $0.01 million, at end of first year will pay $0.05 million, at end of second year will pay $0.15 million, at end of year third will pay $0.3 million, at end of fourth year will pay $1 million, will pay for exploitation permit $3 million.
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5-day change | 1st Jan Change | ||
0.115 AUD | +4.55% | -28.12% | -8.00% |
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+35.24% | 89.51B | |
+20.46% | 73.99B | |
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+46.56% | 9.93B | |
+12.53% | 9.25B | |
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+30.76% | 6.37B | |
-32.59% | 6.36B |
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- Pan Asia Metals Limited entered into binding Memorandums of Understanding to acquire a portion of the Pink Li Project and the Hilix Li Project from Thomas Eggers for $4.6 million.