Greenvale, Patronus Agree to Amend Timetable for Northern Territory Project Uranium Rights Acquisition; Greenvale Shares Jump 8%
MT Newswires Live
10 hours ago
Greenvale Energy (ASX:GRV) mutually agreed with Patronus Resources (ASX:PTN) to amend the timetable for completion of the remaining conditions to complete the proposed acquisition of the uranium rights over the Pine Creek project in the Northern Territory, according to a Monday Australian bourse filing.
Greenvale's legal due diligence for the deal has been completed, and its only remaining individual condition is shareholder approval for the issue of consideration shares to Patronus at a meeting on Monday.
Greenvale began discussions with Patronus regarding the potential for it to begin initial fieldwork programs at Pine Creek during the current field season.
Patronus' shares rose 2% in recent trading, while those of Greenvale jumped 8%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.