While very much conditional upon Aroha listing on the ASX, the MOU provides for Havilah and Aroha to progress in good faith on an exclusive basis and will enable Aroha to secure initial seed capital via an Information Memorandum ahead of an IPO (initial public offering).
"This MOU is consistent with Havilah’s stated strategy of maximising the value of its significant pipeline of exploration projects in South Australia, while focusing the Company’s main efforts on advancing its core projects [West Kalkaroo] with near-term potential for significant value uplift for shareholders.
“It also achieves Havilah’s objective of progressing its non-core prospects and projects in a prudent manner with external funding and leaves Havilah shareholders with a fair residual benefit in the event of success," Dr Giles said.
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
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Price($) | Vol. | No. |
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