StockMarketWire.com - BMR Group said it had made a final payment to Bushbuck Resources to complete the acquisition of the Star Zinc prospect in Zambia.

Galileo Resources, meanwhile, had fulfilled an obligation to undertake a $250,000 work programme entitling it, upon regulatory approval in Zambia, to increase its equity interest in Star Zinc to 85%.

BMR said it would not exercise a right to reduce the interest of Galileo in Star Zinc from 85% to 75%, so $100,000 placed in escrow by Galileo would be released to BMR.






At 2:36pm:

[LON:GLR] Galileo Resources share price was +0.08p at 1.43p



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