Alligator Energy Ltd (AGE.AX) Acquires EL6350 Adjacent to Samphire Project

Alligator Energy Ltd (AGE.AX) Acquires EL6350 Adjacent to Samphire Project

Alligator Energy Ltd Alligator Energy Ltd (AGE.AX) Acquires EL6350 Adjacent to Samphire Project

Brisbane, Australia, May 18, 2021 – (ABN Newswire) – Alligator Energy (ASX:AGE) is pleased to announce that it has entered into a Binding Terms Sheet to acquire EL6350 from Stellar Resources Limited (ASX:SRZ). The tenement, which contains existing historic uranium intersections, borders the southern end of Alligator’s 100% owned Samphire Uranium Project (refer Figure 1*) and is deemed prospective for extensions to the historic non JORC compliant Plumbush Uranium Deposit.

Under the terms, Alligator through its wholly owned subsidiary S Uranium Pty Ltd will acquire a 100% interest in EL 6350 from Stellar Resources for $135,000 to be satisfied through the issue of AGE shares. The number of Consideration Shares to be issued will be determined based on the lower of $0.019 and the 10 business day volume weighted average price (VWAP) immediately prior to execution of […]

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