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Ausdrill drilling for equity

AUSDRILL will get up to $3 million equity in Primary Gold for drilling about 30,000m over existing brownfield and greenfield sites at the Mount Bundy and Coolgardie gold projects.

Noel Dyson
Ausdrill has entered into a drill-for-equity deal with Primary Gold.

Ausdrill has entered into a drill-for-equity deal with Primary Gold.

Under the deal Ausdrill gets up to $3 million in shares for doing the work based on a share valuation of 90% of the 30-day volume weighted average price against the value of each monthly invoice. The...

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