The remnents? “Evolution Mining Limited (ASX:EVN) (“Evolution”...

The remnents?


“Evolution Mining Limited (ASX:EVN) (“Evolution” or the “Company”) has entered into a binding agreement with Ramelius Resources Limited (ASX:RMS) ("Ramelius") and Ramelius Operations Pty Ltd (a wholly-owned subsidiary of Ramelius) to sell the Edna May gold mine in Western Australia to Ramelius Operations Pty Ltd


for total consideration of up to A$90 million.


The total consideration consists of a A$40 million cash payment payable upon completion and up to A$50 million of contingent consideration comprising a royalty and cash and/or Ramelius shares. The contingent consideration is described in detail in an Appendix at the end of this announcement.

Evolution has consistently stated that a key objective of its corporate strategy is to improve the quality of its asset portfolio over time. The sale of the Edna May gold mine is in line with this strategy. The Edna May gold mine achieved..........”


https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvSDYL4w26zxH2v/Jv8bFiGug=