- Alien Metals said it had agreed to acquire the former producing Elizabeth Hill silver project in Western Australia state from Karratha Metals.

Completion of the acquisition was conditional on mutual due diligence and approval by Karratha Metals shareholders.

They would receive 200m Alien Metals shares and 50m warrants, which KMG would distribute to its shareholders.

The shares would have an issued at a price of 0.14p each, and each warrant would entitle the holder to purchase one share at a price of 0.25p for 18 months from the date of allotment of the shares.

At 2:00pm: [LON:UFO] share price was 0p at 0.18p

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