Rincon Resources Limited (ASX:RCR) entered into an agreement to acquire Laverton project from Garry Goyne on January 14, 2019. Under the acquisition agreement, Rincon Resources paid AUD 0.01 million in cash to Garry Goyne, issued 2 million shares on June 26, 2019 as consideration and will pay further AUD 0.025 million on settlement of acquisition. Settlement of the acquisition is conditional on the Company receiving conditional listing approval from ASX. On December 18, 2020, all conditions precedent to the agreement have been satisfied, including the cash payment of AUD 0.025 million.