trending Market Intelligence /marketintelligence/en/news-insights/trending/rA4xeFH2zEGrPqMU_Nd6ig2 content esgSubNav
In This List

Golden Cross sells noncore property in NSW for A$368,000

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

Video

Gold and Copper Summit 2022: Overview of Global Gold Markets in 2022 and Beyond


Golden Cross sells noncore property in NSW for A$368,000

Golden Cross Resources Ltd. has sold its wholly owned Coppervale property at Molong in New South Wales, Australia, for A$368,000.

The property has been acquired by Hellsten SF Pty. Ltd., a company associated with Golden Cross Chairman Ken Hellsten.

The company will lease back the property and has already paid A$90,000 for three years.

As part of the deal, the company has secured a three-year option to repurchase the property for A$400,000 or for market value, whichever is greater at the time.

Golden Cross also holds a first right of refusal in case Hellsten decides to sell the property.