Riedel Resources (ASX:RIE) completes Flagstaff Minerals USA purchase
Source: Business News
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Riedel Resources (RIE) has completed its purchase of Flagstaff Minerals USA, the owner of the Kingman Project in Arizona
In October, the company signed a deal to buy up to 80 per cent of the project
The purchase has come after Riedel completed its $2 million placement to fund the stage one exploration program at Kingman
Everything remains on track for the 5000 metre drilling program at the project in January 2021
On market close for the weekend, Riedel is in the grey and trading at 2.2 cents per share