This why this LOCKE DEAL was so IMPORTANT to AVZ...!...
But it seems OUR MANAGEMENT have failed to SECURE such DEAL...imo..
The Term Sheet outlines other commercial terms standard for funding agreements of this nature.
The Company remains committed to progressing the development of the Manono Project, for the
advantage of all AVZ stakeholders and believes the Term Sheet is a significant step towards a binding
Funding Facility, representing significant progress towards development of the Manono Project.
AVZ’s preference continues to be to achieve resolution of the various disputes by agreement.
However, AVZ’s opponents have adopted a strategy of delaying negotiations in anticipation that AVZ
will run out of funds and be unable to protect its rights.
The Binding Term Sheet with Locke Capital demonstrates that this strategy will not succeed.
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