PRIMARY GOLD LIMITED QUARTERLY ACTIVITIES REPORT September Quarter 2016
Primary Gold will pay MacPhersons Resources Limited A$5m in cash via instalments over 12 months and 40 million ordinary Primary Gold shares which are subject to escrow periods over 12 months (as per below). Cash payments are to be made to MacPhersons Resources as follows: - Primary Gold has paid MacPhersons Resources A$0.5m in cash as a deposit; - On Completion following PGO shareholder approval at the upcoming AGM, Primary Gold is to pay A$1.5m to MacPhersons Resources; - Six (6) months from Completion, Primary Gold is to pay A$1.5m to MacPhersons Resources; - Twelve (12) months from Completion, Primary Gold is to pay the final cash payment of A$1.5m to
PGO Price at posting:
7.7¢ Sentiment: Buy Disclosure: Held
