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RKS Consolidated Ltd Announces Agreement To Purchase North Queensland Exploration Company

Friday, 5 Apr 2013 01:13am EDT 

RKS Consolidated Ltd announced that it has entered into a conditional agreement to acquire the entire issued capital of OzCrest Minerals Limited, an unlisted public company that has acquired tenements in North Queensland that contain significant polymetallic deposits which include zinc, lead, copper, silver and gold. The transaction contemplated values the target entity at $5.92 million, with the total purchase consideration being made up of shares in RKS. The transaction is subject to shareholder approval by RKS shareholders, which will be sought at an Annual General Meeting to be held on or before June 30, 2013. 

Company Quote

17 Jul 2008