Richmond Hill Resources (RHR ) has completed the acquisition of the Bartlett mining claims in Ontario, Canada.
The deal was initially announced earlier this month.
Pursuant to the agreement, Richmond has paid CAD$125,000 in cash and issued just under 17 million shares at a price of 1.75p to satisfy the consideration of C$550,000 due under the agreement to a third party.
The consideration shares will be subject to a lock-in agreement, and will be released in four equal instalments on 15 October 2026, 15 April 2027, 15 June 2027 and 15 October 2027.
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Good to see Richmond completing on this transaction, which will add considerable upside to the company’s highly attractive Canadian portfolio. Safe jurisdiction, safe commodity, and lots and lots of potential here. Now to get down to work.