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Eastern Metals Unveils $1.5M Browns Reef Sale with Strategic Share Distribution

12:42pm on Tuesday 5th of August, 2025 AEST Mining
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Eastern Metals Unveils $1.5M Browns Reef Sale with Strategic Share Distribution

12:42pm on Tuesday 5th of August, 2025 AEST
Key Points
  • Binding agreement to sell Browns Reef Project for A$1.5 million
  • Sale includes A$200,000 cash deposit and A$1.3 million in AGC shares
  • In-specie distribution of AGC shares worth A$700,000 to EMS shareholders
  • EMS retains A$600,000 in AGC shares as a strategic investment
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