The key commercial terms in relation to the transaction are as follows:
•
Western Metals to pay Anglesey Mining a deposit of AUD$270,000 on the execution of the agreed Term Sheet.
•
Western Metals to conduct up to a 120 day due diligence process on the Project.
•
Upon completion of the due diligence to Western Metals’ satisfaction, Western Metals and Anglesey Mining to execute a formal sale agreement in relation to the Project subject to necessary shareholder approval.
Please read the release before posting.
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