Coolgardie payment nearing completion – McPhersons

June 8, 2017

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ASX-listed MacPhersons Resources has received a further A$1.5-million cash installment from the sale of its Coolgaride gold assets, in Western Australia, to fellow-listed Primary Gold.

Primary acquired the Coolgardie project in 2016, and to date has paid McPhersons A$3.5-million of the total A$5-million cash consideration. MacPhersons also received 40-million Primary shares, which were escrowed in three equal tranches.

Category: General