S2 Resources Announces Sale of Finland Assets For C$7M
S2 Resources Ltd (ASX: S2R) has advised that (following due diligence) Outback Goldfields (TSXV: OZ) and S2 have entered into a letter of intent (LOI) in which Outback will purchase S2’s Finnish assets, also known as Sakumpu, for C$7M.
Outback intends to undertake a concurrent non-brokered private placement to raise C$5M as an integral condition of the transaction to position itself to explore S2’s highly prospective land holding in the Central Lapland Greenstone Belt (CLGB) of northern Finland
Outback intends to undertake a concurrent non-brokered private placement to raise C$5M as an integral condition of the transaction to position itself to explore S2’s highly prospective land holding in the Central Lapland Greenstone Belt (CLGB) of northern Finland