trending Market Intelligence /marketintelligence/en/news-insights/trending/OJ889YdPmcqEYy_PPEu_0Q2 content esgSubNav
In This List

Crusader agrees to off-load Juruena gold project to Meteoric

Blog

Insight Weekly: Private equity slows; SPAC underwriters retreat; carbon capture boost

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms

Blog

Insight Weekly: US stocks hit grim milestone; top European banks tumble; TMT IPOs plunge


Crusader agrees to off-load Juruena gold project to Meteoric

Crusader Resources Ltd. entered a binding term sheet to sell its wholly owned Juruena gold project in Brazil to Meteoric Resources NL for A$1.0 million cash and A$2.0 million in shares.

Crusader said March 20 that the sale will allow it to focus on its core Borborema gold project in Brazil. Signing of a definitive agreement and settlement is expected within a few weeks.

Additionally, Crusader secured an underwriting deal from Pinnacle Corporate Finance Pty. Ltd. for an additional A$1.0 million of its A$4.2 million rights issue.

The company now has underwriting agreements for a total of A$3.5 million, including A$2.5 million from Eyeon Investments Pty. Ltd.