AOP 0.00% 61.0¢ apollo consolidated limited

News: AOP Apollo Consolidated updates on transfer of title for seguela permit

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    May 2 (Reuters) - Apollo Consolidated Ltd (AOP)

    • Received confirmation of transfer of title for seguela permit, triggering a payment of US3.0m to Apollo's unit
    • Apollo's share of payment is expected to be approximately a$3.2m
    • Will retain exposure to any subsequent commercial decision on seguela property through a 1.2% net smelter royalty
    • Newcrest retains a right to repurchase royalty at independently appraised fair market value on a decision to mine being made
 
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