Moreton Resources Ltd. (ASX:MRV) made a conditional offer to acquire Tasmanian asset portfolio of Bass Metals Ltd. (ASX:BSM) on April 28, 2015. The assets include subleas of ML103M/1987, lease of ML86M/1984 and tenements EL20/2010, RL11/1997, EL48/2003 and EL28/2009. The completion is subject to due diligence, pending regulatory and BSM shareholder approvals. The binding agreement is expected to be signed by end of May, 2015 and potential finalization of the transaction by the end of July, 2015.

Moreton Resources Ltd. (ASX:MRV) cancelled the acquisition of Tasmanian asset portfolio of Bass Metals Ltd. (ASX:BSM) on May 18, 2015.