Beacon Minerals Sells Remaining Stake in Maximus Resources; Shares Up 4%

MT Newswires Live

02-27

Beacon Minerals (ASX:BCN) sold its remaining 33 million shares in Maximus Resources (ASX:MXR) to Astral Resources (ASX:AAR) on the basis of one Astral share for every two Maximus shares, according to a Thursday Australian bourse filing.

The shares in Astral Resources are expected to be issued by no later than March 10, the filing added.

Beacon Minerals' shares rose 4% in recent trade.

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