Fortress Minerals to Acquire Stake in Norwest Minerals; Shares Down 5%
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Fortress Minerals has agreed to acquire a stake in Norwest Minerals by subscribing to 485,119,510 new shares at AU$0.01 each and 485,119,510 options at AU$0.03 each. Additionally, the company may subscribe for up to 130,000,000 new shares and options if the rights issue is under-subscribed, with a total consideration of up to AU$1.3 million. Following this news, Fortress Minerals' shares fell by over 5%.
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