1.6 Financial effect and use of proceeds
The Company has received C$407,035 (approximately A$465,000 – refer to ASX Announcement
18 September 2023) as cash consideration for the Canada Transaction, after netting of amounts due and
payable by Sacgasco to BSRL.
The Company is due to receive cash consideration of US$1,250,000 (approximately A$1,910,000) in cash
consideration for the Nido Transaction, in addition to contingent cash consideration of US$2,500,000
(approximately A$3,820,000) upon satisfaction of conditions outlined in Schedule 1.
The impact of the Disposal on the Company is set out in the pro forma balance sheet contained in Schedule
3.
The proceeds received from the Disposal of Nido will be applied to new venture projects including
additional exploration and development in its California assets. As such, no additional cash will be raised as
a result of the Disposal, however upon completion of the Disposal, the Company will be in an optimal
position to proceed to refinance itself and pursue its key objectives and strategies (as set out in Section
1.8.1).
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Mkt cap ! $4.483M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 6175000 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 4755512 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 6175000 | 0.004 |
11 | 19125595 | 0.003 |
7 | 45750000 | 0.002 |
3 | 51300500 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 4755512 | 6 |
0.006 | 7178206 | 8 |
0.007 | 6301142 | 4 |
0.009 | 2225376 | 3 |
0.010 | 2966562 | 2 |
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