Does anyone have any background info on Bryve Resources? From...

Does anyone have any background info on Bryve Resources?

From the announcement:
"In addition, Shaw River’s major shareholder Atlas Iron Limited (“Atlas”) will sell 9.69% of Shaw River’s issued capital to Bryve at a price of A$0.0035 per share. Subject to Shaw River shareholder approval, Atlas will also grant Bryve a six month option to acquire Atlas’s remaining 43.76% shareholding in Shaw River at an exercise price of A$0.0035 per share."

So AGO are giving away their entire stake for a discount the the last months trading range.

The options convert at a slighly better price.

I'll be interested to see how the market reacts.