Aranjin Announces Final TSXV Approval for the Australian Copper Project Acquisition

Rhea-AI Summary

Aranjin Resources Ltd. (TSXV: ARJN) announces the final approval of its acquisition of an 80% interest in Australian copper projects. The Company issued common shares to complete the transaction, which have been released from escrow. The approval from TSX Venture Exchange marks a significant milestone for Aranjin Resources.

Ulaanbaatar, Mongolia--(Newsfile Corp. - February 22, 2024) - Aranjin Resources Ltd. (TSXV: ARJN) (the "Company" or "Aranjin Resources") is pleased to announce, further to its press release dated January 8, 2024, that the Company's acquisition of an 80% interest in the Bangemall, Gawler and the Western Wood copper projects in Australia (the "Australian Transaction"), which closed in escrow on January 8, 2024, has received final TSX Venture Exchange ("TSXV") approval.

The forty million common shares of the Company issued to Metals of Australia Pty Ltd. and fifteen million common shares issued to Western Wood Capital Pty Ltd. as consideration for completion for the Australian Transaction have been released from escrow upon receipt of final TSXV approval.

On behalf of the Board
Matthew Wood
Chairman
+976 7732 1914

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/198878

FAQ

What is the ticker symbol for Aranjin Resources Ltd.?

The ticker symbol for Aranjin Resources Ltd. is ARJN.

What percentage interest did Aranjin Resources acquire in the Australian copper projects?

Aranjin Resources acquired an 80% interest in the Bangemall, Gawler, and the Western Wood copper projects in Australia.

When did the Australian Transaction close in escrow?

The Australian Transaction closed in escrow on January 8, 2024.

How many common shares were issued to Metals of Australia Pty Ltd. as part of the transaction?

Forty million common shares of the Company were issued to Metals of Australia Pty Ltd.

Who is the Chairman of Aranjin Resources Ltd.?

Matthew Wood is the Chairman of Aranjin Resources Ltd.