Brief: Laneway Resources To Acquire Masterson Minerals For A$17M In Cash And Laneway Shares

Savannah Goldfields

07/02/2022 24:59

Feb 7 (Reuters) - Laneway Resources Ltd  LNY.AX :
    * TO ACQUIRE MASTERSON MINERALS FOR A$17M IN CASH AND
LANEWAY
SHARES
    * EXPECTATION IS THAT DEBT FUNDING WILL COVER UPFRONT
ACQUISITION
    * ACQUISITION CONSIDERATION IS APPROXIMATELY A$17 MILLION
PAYABLE
IN STAGES

Source text for Eikon:  urn:newsml:reuters.com:*:nASX4HcDv0
Further company coverage:  LNY.AX 

 ((Reuters.Briefs@thomsonreuters.com;))