Boadicea gains IGO holding 10.11% on register
As part of the asset sale of nine tenements in the Fraser Range, IGO has been issued 6.25 million shares in the company for a consideration of 24 cents per share.
As part of the asset sale of nine tenements in the Fraser Range, IGO has been issued 6.25 million shares in the company for a consideration of 24 cents per share.
Following an initial geophysical review, the Licence E45/5818 (Koongulla North) has been applied for surrounding the northern section of the granted tenement EL45/5392 (the Koongulla Project).
Boadicea Resources shareholders approved the asset sale of nine tenements in the Fraser Range at the general meeting on October 14, 2020. An unfranked special dividend of 8 cents per share is being allocated to shareholders from a portion of the initial sale proceeds.
Mining stocks investor and publicist Yolanda Torrisi conducts an on-camera interview with Boadicea Managing Director Jon Reynolds focusing on the new board talent and endeavours.
Boadicea Resources shareholders gave the green light to the "transformational" sale of nine Fraser Range assets to IGO Ltd. The asset sale agreement will see IGO Newsearch explore nine of the company's tenements on the range at no cost to Boadicea for up to five years.
Boadicea Resources' Jon Reynolds caught up with Proactive's Andrew Scott after announcing the company was set to kick off exploration at its recently acquired highly prospective Koongulla Project in the Paterson Province of Western Australia. The company has completed a high-level regional scale geophysical review of the project, identifying five target zones for exploration.
Boadicea went into a trading halt before the general meeting today at which the resolution for the sale of a number of Fraser Range assets to IGO Ltd's IGO Newsearch Pty Ltd was to be put to shareholders. The resolution was passed.
Boadicea Resources
Investors responded strongly to news of the payment of an 8-cent unfranked dividend with shares hitting a new five-year high. The dividend follows the recent 'transformational' agreement with major Fraser Range producer IGO Ltd
Boadicea Managing Director Jon Reynolds undertakes an on-camera interview with mining stocks investor and publicist Yolanda Torrisi. Jon reviews the new Paterson Province Koongulla acquisition and its importance to the new Boadicea journey. Listen to Jon Reynolds present the exciting story of Boadicea's latest acquisition - Koongulla