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Power Metal Resources PLC - London-based exploration company, with projects in Africa, Australia and North America - Announces the conditional disposal of its 100%-owned E-12 uranium property in Saskatchewan, Canada. Signs a property purchase agreement with Teathers Financial PLC to acquire ownership of the property, subject to its initial public offering in London to be completed by December 31. Consideration is payable in £250,000 of Teathers shares at issue price of 1.24 pence per share and the retention of a 2% net smelter return royalty over the property.
Current stock price: 1.30 pence
12-month change: down 20%
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