Metals X buys Alacer Aust

Binding agreement is subject to Foreign Investment Review Board approval.

Alacer Gold Corp (AQG) has agreed to sell its Australian business unit to a subsidiary of Metals X (MLX) for $40 million in cash.

In a statement to the Australian Securities Exchange, Alacer said Metals X has paid a $10 million deposit, which is non-refundable except if Australian Foreign Investment Review Board approval is not obtained.

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