logo-loader
view333D Ltd

Oz Brewing eyes transitional move, agreement to acquire three resource projects

au_stock_prices350_4f285ecfdc3ed.jpg

Perth based Oz Brewing (ASX: OZB) has positioned itself to transition into the resource sector, and has entered into a heads of agreement to acquire three projects.

Before making this announcement, Oz Brewing was granted a trading halt by the ASX so an orderly market will be available after the full announcement is made to the market.

The company has not yet indicated what resource the projects are targeting, or if they are based in Australia or internationally.

Oz Brewing has some funds on hand if cash is needed for the purchase, with just over 1.7 million in the bank at the end of December. The company's current market valuation is $6 million.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Friday 3 February.

 

Quick facts: 333D Ltd

Price: 0.001 AUD

ASX:T3D
Market: ASX
Market Cap: $1.07 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Cannabis One adds new team members as company rebrands to INDVR Brands

Cannabis One (CSE: CBIS) President and Interim CEO Joshua Mann joined Steve Darling from Proactive Vancouver with news the company has changed up their board of directors. Mr Alnoor Nathoo has joined the board and Mann talks about the experience he brings. Mann also discusses his role...

2 hours, 34 minutes ago

2 min read