Junior Resources and Energy Group (REZ) has struck a deal to acquire unlisted Brightsun Enterprises in a deal valued at A$2.05-million, in order to gain ownership of the Radio gold project, in Western Australia.
Under the terms of the agreement, REZ would pay Brightsun shareholders A$250 000 in cash, and would issue two tranches of 7.5-million shares, at a price of 12c each.
