High Grade Metals: Purchase private company Jade Gas Jade Gas
- High Grade Metals has signed an agreement to purchase private company Jade Gas, giving it access to the coal gas sector in Mongolia
- The company intends to purchase all of the issued capital in Jade
- Jade’s current projects are located in the South Gobi region, 200 kilometres from the Chinese border
- HGM is also aiming to raise up to $6 million through the issue of ordinary shares at three cents each
- Company shares will remain in voluntary suspension until the transaction is completed or terminated
- HGM last traded at eight cents per share on July 15, 2019
