Trigg Minerals (ASX:TMG) agreed to acquire the Taylors Arm and Spartan antimony projects in New South Wales from Bullseye Gold, according to a Friday filing with the Australian Securities Exchange.
The acquisition involves the issue of about 106.3 million TMG shares equal to AU$850,000, pending shareholder approval, the filing said.
Completion of the transaction is contingent on the fulfillment of certain conditions on or before Dec. 13, according to the filing.
Trigg Minerals shares rose 25% in midday trade to reach a 52-week high.
Price (AUD): $0.03, Change: $+0.0060, Percent Change: +30.00%
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