Latest Stock Market News, Live ASX News Today | Kalkine Media Australia

Latest Stock Market News, Live ASX News Today | Kalkine Media Australia

Iress (ASX:IRE) to appoint a new CCO and CCSO

Software and service company Iress Limited (ASX:IRE) announced the departures of chief commercial officer Michael Blomfield and chief communications & marketing officer Coran Lill for personal reasons. The Company has implemented its succession plans for both roles.

IRE has shared that Simon New has been appointed to the role of the chief commercial officer, effective immediately. However, an internal and external search for a new chief client solutions officer is underway.

Meanwhile, on the ASX, the IRE stock closed a tad bit higher at AU$11.950 per share today.

Kingston (ASX:KSN) enters agreement with Metal Bank to acquire Livingstone Gold Project

The ASX-listed metal exploration company Kingston Resources Limited (ASX:KSN) announced that it has entered into a binding agreement with Metal Bank Limited (ASX:MBK) to acquire its 75% interest in the Livingstone Gold Project located in Meekatharra for total consideration of up to AU$10 million.

The total consideration is comprised of cash, shares, options and milestone payments:  

KSN has shared that the funds raised from this sale will strengthen its treasury position and be used for ongoing Definitive Feasibility Study and exploration work at the Misima Gold Project.

Meanwhile, on the ASX, the KSN stock closed 4.762% lower at AU$0.200 per share today. 

Image Source: © Stevanovicigor | Megapixl.com

ASX-listed mineral exploration Company Essential Metals Limited (ASX:ESS) announced on Monday that the Company along with International Lithium Corporation (ILC), Joint Venture partners in the Mavis Lake Lithium Project in Ontario, Canada, have agreed to divest 100% of the Project to Critical Resources Limited (ASX:CRR) under an Option Agreement.

The announcement revealed that Critical Resources will pay AU$175,000 for the right to acquire 100% of the Project, exercisable by 4 January 2022. Upon electing to acquire the Project, Critical Resources will pay/issue the following, with Essential and ILC will sharing the proceeds equally:

According to the announcement, milestone payments totalling AU$3 million will be payable on the definition of a lithium resource (refer below for further information).

Today, the stock ESS closed over 8% higher at AU$0.200 per share on ASX.

AusNet (ASX:AST) grants due diligence access to APA (ASX:APA)

The ASX-listed utility service provider AusNet Services Ltd (ASX:AST) announced that it has agreed to grant due diligence access to APA Group (ASX:APA) following entry into a confidentiality deed with APA. At the same time, APA has agreed to grant reverse due diligence access to AST.

The due diligence access was followed by its prior announcement where AST has shared that it would engage with APA regarding its indicative, non-binding and conditional proposal to acquire, by way of a scheme of the arrangement, all of the issued shares in AusNet for a combination of AU$1.82 cash and 0.0878 APA stapled securities per share.

AST has shared that the due diligence arrangements with APA are non-exclusive. AST continues to provide Brookfield with due diligence access and engage with Brookfield on its indicative, non-binding and conditional proposal of AU$2.50 cash per AusNet share.

Meanwhile, on the ASX, the AST stock closed a tad bit lower at AU$2.490 per share today.

Great Western (ASX:GTE) on investor’s radar today. Here’s why