M&A

Golden State boosts Murchison position

NEWLY-listed Golden State Mining will quadruple its landholding around its flagship Cue project in Western Australia's Murchison region by adding 120sq.km of leases secured from Kalgoorlie-focused Lefroy Exploration, including the Big Bell South exploration licence.

Golden State started drilling at Cue within two weeks of listing.

Golden State started drilling at Cue within two weeks of listing.

The deal will only cost Golden State A$25,000 cash from its recent $4.5 million initial public offering, and 1.7 million shares, escrowed for 12 months, plus 800,000 options at an exercise price of 25c...

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