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Deal over Brazilian gold project falls through

Keystone Resources and subsidiary Alchemist have suddenly pulled the pin on an agreed US$20 million deal involving Meteoric Resources and the set-to-be-sold Jurena gold project in Brazil, with the former losing a US$2.5 million initial payment and the latter now being forced to undertake a capital raise to meet its commitments for the Caldeira rare earths opportunity, also in Brazil.

Deal over Brazilian gold project falls through Deal over Brazilian gold project falls through Deal over Brazilian gold project falls through Deal over Brazilian gold project falls through Deal over Brazilian gold project falls through

The Juruena project in Brazil

The quantum and pricing of the fundraising is now being worked on by Meteoric.

No reasons for Keystone's failure to come up with the $17.5 million have been proffered.

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