DGR Global (ASX:DGR) pens deal for Auburn Resources to acquire Armours Ripple Resources - Sequoia Direct Pty Ltd

14MarMarch 14, 2021

DGR Global (ASX:DGR) pens deal for Auburn Resources to acquire Armours Ripple Resources

DGR Global (ASX:DGR) has signed a deal with Auburn Resources and Armour Energy (ASX:AJQ) which will see Auburn acquire Armour’s wholly owned subsidiary, Ripple Resources.

Ripple holds multiple mineral exploration tenements in Queensland and the Northern Territory which are considered to be prospective for zinc, lead, and gold.

Auburn will allot 5.6 million Auburn shares to acquire Ripple. Following the allotment, Armour will have a 12.5 per cent stake in Auburn, and DGR Global will hold around 39 per cent.

Completion is expected to occur in April 2021. DGR Global’s GM, John Bierling says that “with the initial asset portfolio now nearing completion, [the company’s] attention is now squarely focussed on progressing Auburn’s IPO plans for ASX listing in 2021.”

Shares in DGR Global (ASX:DGR) last traded at 6 cents.

Copyright 2021 – Finance News Network

Source: Finance News Network

Related Posts

31MarMarch 31, 2023

DNR Capital: Reporting season wrap-up

31 Mar 2023 - Hear the latest from DNR Capital Chief Investment Officer and PM of the Australian Equities High Conviction Strategy Jamie Nicol as he provides his thoughts on the recent reporting season and where he sees market opportunities in its wake.

16AprApril 16, 2021

Mineral Resources (ASX:MIN) suffers from haulage delay

16 Apr 2021 - Western Australia- focused miner Mineral Resources (ASX:MIN) has suffered from logistical difficulty associated with coronavirus-induced border closures. The state’s tight border arrangement has taken its toll on the company’s supply of truck drivers.

06MarMarch 6, 2021

Redbubble (ASX:RBL) CEO invests $2M in company

05 Mar 2021 - The CEO of Redbubble (ASX:RBL) has purchased over $2 million worth of the company’s shares.

24NovNovember 24, 2020

Nickel Mines (ASX:NIC) set to buy 70% of Angel Nickel Project

24 Nov 2020 - Nickel Mines (ASX:NIC) has executed a binding definitive agreement with Shanghai Decent for the acquisition of 70 per cent of the Angel Nickel project on Halmahera Island in Indonesia’s North Maluku province.

14DecDecember 14, 2020

Transurban’s (ASX:TCL) WestConnex raises $4.2b

14 Dec 2020 - Toll road operator Transurban (ASX:TCL) has raised $4.2 billion in debt as it refinances $4 billion of existing loan facilities.

15NovNovember 15, 2019

Cirrus (ASX:CNW) joins Rio Tinto’s IT Vendor Consultancy Panel

15 Nov 2019 - IT solutions provider Cirrus Networks Holdings (ASX:CNW) has entered into a new IT contract with global mining giant, Rio Tinto (ASX:RIO).

03OctOctober 3, 2019

Telstra appointments new Group Executive of Product & Technology

03 Oct 2019 - Telstra (ASX:TLS) has appointed a new Group Executive of Product & Technology - Kim Krogh Andersen will replace Christian von Reventlow.

09SepSeptember 9, 2022

Stocks of the Hour: Radiopharm Theranostics, Mineral Resources, Black Rock Mining

09 Sep 2022 - A snapshot of the stocks on the move featuring Radiopharm Theranostics (ASX:RAD), Mineral Resources (ASX:MIN) and Black Rock Mining (ASX:BKT).

15MarMarch 15, 2021

Jupiter Mines (ASX:JMS) see delay in the demerger of Juno

15 Mar 2021 - Jupiter Mines (ASX:JMS) says that the demerger and initial public offering of Juno Minerals is still to be pursued, but on a delayed timetable.

09JanJanuary 9, 2020

Freedom Foods Group (ASX:FNP) reports milk supply not disrupted by fires

09 Jan 2020 - Freedom Foods Group (ASX:FNP) has confirmed that none of its dairy farms or site operations have been directly affected by the recent Victorian and New South Wales bushfires.