May have got that wrong on the deposit here is the announcement A deposit of $1.5m has been paid by NQ after signing a binding term sheet. A further $9m deposit is payable by 20 March 2023. SEQ will receive $1.65m of this amount and $7.35m will be held in trust and paid to SEQ once the Stage 1 ‘Completion Payment’ of $15m has been made. If the stage 1 Completion Payment is not receivedby 31 May 2023, funds already paid to SEQ are retained as a non-refundable break fee $3.15m whilst the $7.35m deposit held in trust will be returned to NQ
May have got that wrong on the deposit here is the announcement...
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