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Investegate |Power Metal Announcements | Power Metal: Australia Copper-Gold Acquisition


 
The vendors include shareholders of FDR Australia and various third parties with interests in the exploration properties (the Vendors ). 
 
As part of the Transaction FDR Australia is to be acquired outright by a new UK private company ( FDR UK ), in which Power Metal is to hold a 75% initial interest and the Vendors a 25% initial interest.
 
The acquisition of FDR Australia will not be undertaken until the Ripon Hills Project has been successfully transferred into FDR Australia and a granted exploration licence has been received by FDR Australia in respect of the Wallal Project. Further announcements will be made by the Company as appropriate. ....

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