OceanaGold Announces Sale of the Blackwater Project for US$30M
The execution of the SPA follows the receipt of formal notice from Tasman to exercise its exclusive option on Blackwater, which has been held under a Project Deed since July 2018.
- The execution of the SPA follows the receipt of formal notice from Tasman to exercise its exclusive option on Blackwater, which has been held under a Project Deed since July 2018.
- Under the terms of the SPA, OceanaGold is to receive US$30 million in cash upon closing of the transaction.
- The SPA is subject to a number of conditions including regulatory approval and is expected to close in 2024.
- For further details and background on the Blackwater option see the Company's most recent AIF (Section 11.4 Other Projects).