Laneway Resources Ltd. (AU:SVG) has released an update.
Laneway Resources Ltd. has updated stakeholders on the imminent completion of its sale of a significant shareholding in the Ashford Coking Coal Project to Clara Resources Australia Ltd. The deal includes an upfront and deferred cash payment as well as a substantial equity share in Clara, ensuring ongoing financial interest in the coal project’s success for Savannah investors. Additionally, the sale streamlines Savannah’s focus on its core gold mining ventures in North Queensland.
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