Pursuit Minerals Limited (ASX:PUR) agreed to acquire 9,233 Hectares at the Rio Grande Sur Project for AUD 4.4 million on December 14, 2022. Completion of the Agreement is subject to a number of conditions precedent, including completion of due diligence, Regulatory and third party approvals and relevant shareholder approvals being obtained. Pursuit Minerals proposes to seek the necessary shareholder approval at a general meeting to be held on or around January 24, 2023. As of January 3, 2023, The deal is expected to close in early February 2023. As on March 6, 2023, Pursuit Minerals issued 333,334 ordinary shares following the conversion of employee performance rights to shares, 41,666,667 Shares to complete the second tranche of the AUD 2 million raise and 120,000,000 unlisted options as approved by shareholders on February 7, 2023 as announced and 2,701,012 shares to directors in lieu of directors' fees for the half year as approved by shareholders on February 7, 2023 shares are escrowed for 3 months. Pursuit Minerals is pleased to advise that the remaining due diligence items and documentation to complete the transaction are expected to be finalised this week, with completion scheduled to occur the following week. The acquisition of the Rio Grande Sur Lithium Project is on track to complete within approximately two weeks.

Pursuit Minerals Limited (ASX:PUR) completed the acquisition of 9,233 Hectares at the Rio Grande Sur Project on March 29, 2023.