SBL signature metals limited

Trying to work out what this means. Any help.Subsequent to year...

  1. 509 Posts.
    Trying to work out what this means. Any help.

    Subsequent to year end, LionGold, the major shareholder of Signature Metals Limited agreed with a minority shareholder in
    Owere Mines Limited ("Owere") that the inter-company balance of $43,000,537 between Signature Metals and Owere will be owed
    to and payable to Signature Metals and the minority shareholder in the following proportion 80:20 respectively. The final terms of
    repayment are yet to be agreed upon. The accounting impact of the arrangement will be reflected in future financial periods once
    the terms and conditions for repayment are finalised.
 
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Currently unlisted public company.

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