SensOre (ASX:S3N) and Gold Road Resources (ASX:GOR) have agreed to restructure their Yilgarn Exploration Ventures (YEV) joint venture portfolio.
Gold Road will convert its 40% stake in YEV into 800,000 new SensOre shares, and SensOre will acquire 100% of YEV and its portfolio of gold assets.
SensOre's CEO, Richard Taylor, says the new arrangement would simplify the governance and administration of YEV, and looks forward to ongoing collaboration on its technology.
Shares of SensOre closed unchanged at $0.35 today, and are up 30% the past five days.