Andromeda Metals has completed the sale of its 25% stake in the Wudinna Gold Project to Lady Alice Mines and Cobra Resources for A$500,000 in cash and A$1 million in Cobra shares. The company’s subsidiary, Peninsula Resources, has received the cash payment and 52,010,000 Cobra shares, subject to escrow. The consideration shares will become freely tradable after 12 months, and the call option in favor of Cobra has expired.