ASX-listed Silver Mines and Kingsgate Consolidated have renegotiated the terms of the Bowdens Silver transaction, which resulted in Silver Mines taking 100% ownership.
The companies announced in March this year that Silver Mines would buy 85% of the New South Wales-based project for A$20-million in cash, but said on Thursday that the transaction had been amended. Silver Mines would now pay an extra A$5-million for the remaining 15% shareholding in the project.
