GRL 7.69% 1.4¢ godolphin resources limited

Ann: Godolphin to Sell Lewis Ponds and Mt Bulga for $11 Million, page-31

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  1. 94 Posts.
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    Strange thing however is that first payment originally quoted in Dec announcement:
    "$2,950,000 cash, to be paid within ten (10) days of the Buyer executing a binding Share Sale
    and Purchase Agreement (SPA)"

    Today's announcement:
    "The sale consideration totals $11m in cash and is payable in five instalments, including an initial upfront payment of
    $2.95m, which is anticipated within ten days of Minerals Pty Ltd executing a binding Share Sale and Purchase
    Agreement." but top of announcement states: "– deposit secured with first payment $2.95m payment expected in the March 2024
    quarter"

    Payment made within 10 days or within 60 days? Signed is not same as executing a binding SPA?

    Last edited by DANMAR: 31/01/24
 
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