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" Niuminco Group Limited (“Niuminco”, “NIU” or the “Company” advises shareholders that the Company
has entered into a $500,000 “Deed of Advance” and reached an advanced stage of negotiations on a
possible corporate transaction.
The advance will be drawn down in four (4) tranches as follows:
- $100,000 within five (5) business days;
- $100,000 within ten (10) business days;
- $100,000 within thirty (30) days, and;
- $200,000 within 60 days.
The advance will be interest free and the funds will be used for general working capital purposes,
including the payment of current trade payables and liabilities, and for the Edie Creek project. It will be
the first step in a possible corporate transaction or an alternative commercial transaction.
Finalisation of any further transaction will be subject to relevant regulatory review, due diligence,
documentation, shareholder approval and other usual pre-conditions and approvals.
The Company looks forward to providing shareholders with further updates. .
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- Ann: NIU Enters into $500,000 Funding Agreement
Ann: NIU Enters into $500,000 Funding Agreement, page-3
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