TopTung moves ahead with Canadian deal
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.
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