Coolgardie payment nearing completion – McPhersons

ASX-listed MacPhersons Resources has received a further A$1.5-million cash instalment from the sale of its Coolgaride gold assets, in Western Australia, to fellow-listed Primary Gold. Primary acquired the Coolgardie project in 2016, and to date, has paid McPhersons A$3.5-million of the total A$5-million cash consideration. MacPhersons also received 40-million primary shares, which were escrowed in three equal tranches.