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Nelson Resources Ltd. ( (AU:NES) ) just unveiled an announcement.
Nelson Resources has corrected an error in its prior announcement regarding the proposed acquisition of the Gold Point gold-silver project in Nevada, revising the number of performance rights to be issued to the vendor from 714,285,714 to a maximum of 1,094,166,666 across two tranches. The company, which retains the option to settle the tranche 1 and tranche 2 consideration in cash or shares, will now seek shareholder approval for the acquisition and the updated performance rights structure via a forthcoming notice of meeting, while confirming that all other terms of the deal remain unchanged.
The most recent analyst rating on (AU:NES) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Nelson Resources Ltd. stock, see the AU:NES Stock Forecast page.
More about Nelson Resources Ltd.
Nelson Resources Limited (ASX: NES) is an Australian-listed resources company focused on mineral exploration and project acquisition, with a current strategic emphasis on gold and silver assets, including projects in the Walker Lane District of Nevada, USA.
Current Market Cap: A$13.69M
For a thorough assessment of NES stock, go to TipRanks’ Stock Analysis page.