Twenty Seven Co. Limited (ASX:TSC) entered into a binding term sheet agreement to acquire E77/2539 and E77/2540 license in Western Australia from Revolution Mining Pty Ltd for AUD 0.79 million on December 10, 2020. Twenty Seven Co. Limited entered into Tenement Sale and Purchase Agreement to acquire E77/2539 and E77/2540 license in Western Australia from Revolution Mining Pty Ltd on January 11, 2021. Under the terms of the transaction, Twenty Seven Co. Limited will pay an initial consideration of AUD 0.04 million to Revolution Mining (or its nominee) in TSC fully paid ordinary shares and within 7 days of the announcement by TSC of a JORC compliant inferred resource of at least 50,000 ounces of gold from within the Tenements, TSC will pay consideration of, AUD 0.25 million AUD 5 for every ounce over 50,000 announced in the JORC Announcement (up to a maximum of 100,000 ounces). The transaction is subject to completion of data compilation, due diligence, and SPA over new tenements E77/2539 and E77/2540, planning and approvals for exploration at Yarbu Gold Project, commencement of on ground geochemistry and mapping in preparation for drill testing. As of January 11, 2021, Twenty Seven Co. Limited completed the due diligence for the transaction. Twenty Seven Co. Limited (ASX:TSC) completed the acquisition of E77/2539 and E77/2540 license in Western Australia from Revolution Mining Pty Ltd on January 15, 2021. As of January 15, 2021, Twenty Seven Co. Limited (ASX:TSC) issued 6.67 million fully paid shares to Revolution Mining Pty Ltd.