Western Mines Group Ltd (ASX:WMG) entered into a binding agreement to acquire E39/2073 Tenement from Thomas Williams and Neelesh Bhasin for AUD 0.12 on October 8, 2021. The acquisition consideration payable to the Vendors will be AUD 50,000 cash, 350,000 fully paid ordinary shares in Western Mines Group Ltd, 700,000 options over ordinary shares (with an exercise price of AUD 0.30 per share, exercisable 3 years from the date of issue). The acquisition is subject to Western Mines Group Ltd being satisfied with its legal and technical due diligence on the Tenement within 21 days from the date of the agreement and completion of the purchase of the Tenement will occur 28 days from the date of the agreement.