Dragon Resource Investment Pty Ltd agreed to acquire Non-Core Bramfield Iron Ore Project in South Australia from OAR Resources Limited (ASX:OAR) for AUD 0.5 million on February 10, 2022. A purchase price of AUD 500,000 cash of which a deposit of AUD 100,000 has today been paid by DRI and is being held in an escrow account under the control of the Company pending the settlement date. The balance of the purchase price of AUD 400,000 will be paid on the settlement date pending satisfaction of the condition precedent. The expected date for completion of the transaction is 3 months from the date of this announcement.
Dragon Resource Investment Pty Ltd completed the acquisition of Non-Core Bramfield Iron Ore Project in South Australia from OAR Resources Limited (ASX:OAR) for AUD 0.44 million on November 21, 2022.