AVZ avz minerals limited

Ann: Trading Halt, page-410

  1. 3,146 Posts.
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    sunrise the 5% has been under option for a couple of years now, the 10% has been under option for about 12 months. They have contributed nothing to the project thus far. AVZ and its shareholders have done all the heavy lifting to get it to where it is. It's been made clear they don't have the financial resources to fund their portion of the project and hence agreed to sell their equity. AVZ are simply exercising their option to complete the purchase. Pretty handy cash for next to no outlay whilst a great outcome for AVZ
    Last edited by Whiddon3: 03/07/21
 
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