IN BRIEF: Caerus Mineral Resources completes PR Ploutonic acquisition

Caerus Mineral Resources PLC - exploration & resource development company - Completes acquisition ...

Alliance News 11 June, 2021 | 2:01PM
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Caerus Mineral Resources PLC - exploration & resource development company - Completes acquisition of PR Ploutonic Resources Ltd for GBP750,000. The GBP750,000 is made up of issue of 3.3 million shares at a price of 22.65 pence per share.

PR Ploutonic is a Cypriot exploration and mining company. The acquisition will provide Caerus with "access to a further suite of advanced copper - gold exploration licences" in Cyprus. Since announcing the intended acquisition in April, Caerus has conducted further exploration of the Troulli project to assess the extent and depth of the gold-bearing epithermal zones.

Chief Executive Martyn Churchouse says: "This acquisition represents an important addition to our licence portfolio. We are especially excited about the very promising initial exploration observations at Troulli."

Current stock price: 24.70 pence, down 8.5% Friday afternoon

Change since listing in London: up 90%

By Will Paige; willpaige@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Caerus Mineral Resources PLC 25.50 GBX 0.00 -

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