Triple-listed Ferrum Crescent has secured the exclusive option to acquire private company GoldQuest, which owns two lead-zinc exploration projects in Spain, for about £465 000 in cash and shares. Ferrum, which was focused on the development of its Moonlight iron-ore project, in South Africa, signed an option and sale agreement with GoldQuest’s parent company TH Crestgate to secure the exclusive option, which would be valid until July 31, for a staged option fee of up to £22 500.
