In order to complete the initial 20,000m program and initial resource estimation by the end of Q1/early Q2 2018, AVZ has engaged an additional drilling contractor. The Company will have five rigs in operation in total.
JNS Capital Corp Agreement
The Company has entered into an agreement with JNS Capital Corp for the provision of marketing and promotional services in North America. Part of the consideration for the services will be in the form of 3 million Performance Rights. The Performance Rights shall vest if the 10-day volume weighted average share price for the Shares on the ASX is A$0.30 or higher from the date of issue.
The Performance Rights shall lapse (if not vested) on 31 March 2018.
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- Ann: Surface results confirm extension to Carrier De L'est
Ann: Surface results confirm extension to Carrier De L'est, page-118
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