TNT Mines: Completes acquisition of East Canyon Uranium Vanadium Project
- TNT Mines has completed the acquisition of the East Canyon Uranium Vanadium Project with some changes to the consideration terms
- Last month the company announced it intended to buy Vanacorp, its U.S. subsidiary and, with it, the project in Utah
- The acquisition has now approved by the ASX with minor amendments to the previously announced terms
- The revised consideration comprises 3.5 million shares upon settlement, 1.75 million performance rights and a two per cent smelter return royalty
- Additionally, TNT Mines has appointed Vanacorp founder Peter Woods to the board as a non-executive director and director Michael Jardine has resigned
- TNT Mines shares are trading 3.3 per cent higher for 15.5 cents each
