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TopTung moves ahead with Canadian deal

24th August 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – ASX-listed junior TopTung on Friday said that it would now seek shareholder approval to acquire an advanced unlisted base metals explorer Zeus Minerals, following a positive due diligence period.

TopTung earlier this month announced its intention to acquire Zeus for a non-refundable deposit of A$50 000, and A$1.25-million in shares.

Zeus is an advanced nickel/copper sulphide explorer that has three highly prospective projects located in Quebec, which contain a number of drill proven occurrences.

With the due diligence now complete, TopTung will look to obtain shareholder approval for the transaction at the company’s annual general meeting, in October.

Edited by Creamer Media Reporter

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