SUBSEQUENT EVENTS On 12th February 2014 Unity and Moly Mines Limited (‘Moly’) reached an agreement on revised payment terms in respect of the Royalty agreement dated 27 June 2013 relating to the development of the Dargues Gold Mine.
Under the amended agreement Unity has agreed to pay Moly $1 million within 7 days from the execution date of the revised agreement, which was paid on 17 February 2014, and $2 million in cash or $2.67 million in shares, at Unity’s election, by 30 June 2014.
UML Price at posting:
3.6¢ Sentiment: None Disclosure: Held