AGR aguia resources limited

Ann: Binding agreement to process phosphate in Brazil, page-4

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    Looking good on the payment schedule for the works to be carried out.

    FAVOURABLE TRANSACTION TERMS
    Aguia will pay DB an entry fee of BRL$5.0m (A$1.4m), broken into six payments aligned with its cash flowstrategy. First payment of BRL$120,000 (A$34,000) eight days after signing, followed by two payments ofBRL$0.55m(A$154,000) payable at the end of March and April, followed by a further two payments of BRL$1.2m (A$336,000) payable at the end of May and June respectively with a final payment of BRL$1.38m(A$386,000) at the end of July.


 
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