Zenith Minerals (ASX:ZNC) signed a share transfer agreement with Gübretaş Maden Yatırımları for the sale of its remaining 20% stake in the Kavaklitepe project in Turkey for a total consideration of $543,000, according to a Friday filing with the Australian bourse.
The share transfer application has been submitted to the General Directorate of Petroleum and Mining Affairs for approval, and completion of the transaction is expected in the June quarter, the filing said.
Zenith Minerals shares rose more than 2% in afternoon trade Friday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.