Legend Mining Limited (LEG) is pleased to announce a Sale Agreement over its Pilbara Project tenements, including the sale of its wholly owned subsidiary Armada Mining Limited, with a wholly owned subsidiary of Karratha Metals Limited (KML).
Legend Managing Director Mr Mark Wilson said: “The proposed capital structure for KML will result in Legend holding approximately 20% of the fully paid shares in KML off the back of a $4 million raising. This transaction will finalise our direct involvement with the Pilbara Project.”
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Tags: Asset Sale, Karratha Metals, KML, LEG, Legend Mining, mining
