Genesis surges on Leonora acquisition

SHARES in Genesis Minerals leapt 75% this morning after it announced plans to buy the Ulysses gold deposit near Leonora for $A375,000 in cash and shares.

Genesis surges on Leonora acquisition Genesis surges on Leonora acquisition Genesis surges on Leonora acquisition Genesis surges on Leonora acquisition Genesis surges on Leonora acquisition

Under the deal, Genesis will pay a private party $100,000 in shares and $275,000 in cash through a number of staged payments.