AVZ 0.00% 78.0¢ avz minerals limited

Ann: Acquisition of 60% interest-Manono Lithium, Tin, Tantalum, page-344

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  1. 1,860 Posts.
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    The announcement seems to suggest this?
    "The principal terms of the agreement for AVZ to acquire a 60% interest in the Manono Project from the current holders, La Congolaise D’exploitation Miniere SA (Cominiere, a State-owned enterprise) and Dathomir Mining Ressources SARL (Dathomir, a privately owned company) are:

    • AVZ to pay Dathomir US$750,000 in cash within 30 days of execution of the agreement, and issue to Dathomir and its nominees 260 million shares upon satisfaction of all conditions precedent. "
 
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