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Ballymore Resources Ltd (ASX: BMR) to acquire 100% of Ravenswood Project.

Ballymore Resources Ltd (ASX: BMR) announced that it will move to 100% ownership of the Ravenswood Project following the acquisition of the remaining 49% interest in the project. The company has executed a binding Termination and Asset Sale Agreement – Ravenswood Project to acquire the remaining 49% interest in the Ravenswood Project in consideration for issuing 2 million ordinary shares in Ballymore to ActivEx Limited (ASX: AIV).

Following the announcement, shares in Ballymore Resources Ltd fell 6.98% to $0.20/share.

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