Ann: Capital Raising Update, App3B and Section 708(A) notice, page-7

Oooops! Very Interesting news here...

I think now I understand why they didnt show this in the original announcement and was a cloudy area that Anatol got bashed over


AVZ’s DRC legal adviser has commenced the review of legal matters including the validity of title. Subsequent to the 2 February 2017 announcement, AVZ has been advised a third party that previously held an indirect interest in a historic licence at Manono (PE 12202) is claiming the cancellation of that licence in 2016 by the DRC Mining Registry was invalid. AVZ understands the DRC Minister of Mines has previously rejected an appeal against the cancellation (ie. upheld the cancellation). AVZ’s joint venture partner La Congolaise D’exploitation Miniere SA (Cominiere, a State owned enterprise) has also made standard representations and warranties to AVZ with respect to the validity of title as part of the joint venture agreement