Gold miner Regis Resources has struck a A$10-million deal with fellow-listed Stone Resources to acquire the Ben Hur gold project, in Western Australia.
Under the terms of the agreement, Regis would pay A$10-million worth of its own shares, priced on the basis of the five-day volume weighted average price prior to the completion of the transaction, to Stone Resources, along with a 1% net smelter royalty after the production of the first 100 000 oz of gold from the royalty tenement.