Sale of Drummond enters final stages

Sale of Drummond enters final stages

From australianmining.com.au

Andromeda Metals has released an update on the sale of its Drummond epithermal gold project in Queensland. The sale of the project to Rush Resources began in October 2022 when Andromeda entered into an agreement for an exchange of $250,000 worth of fully paid ordinary shares in Rush, on the condition Rush would be listed on the ASX. Rather than listing on the ASX directly, Rush will now become a subsidiary of ASX-listed Trigg Minerals. As a result, rather than receiving shares in Rush for the sale of Drummond, Andromeda will instead receive shares in Trigg. Andromeda will receive Trigg shares to the value of the ... (full story)

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