CLZ classic minerals ltd

Jeeze Louise, i missed this little nugget on my first read...

  1. 586 Posts.
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    Jeeze Louise, i missed this little nugget on my first read through this morning:

    "Classic notes that the Mining Lease, is currently in the name of Reed Exploration Pty Ltd a wholly
    owned subsidiary of Hannans Ltd. Since the announcement, Hannans Ltd underwent a change of
    name to Redivium Limited2 and as per ASX Announcement of 03 October 2023, Classic is in the
    process of acquiring the tenements. The outstanding conditions precedent to completion of the
    tenement sale agreement are: -
    • $200,000.00 in cash payable at completion; and
    • the approval by Classic shareholders at the upcoming shareholder meeting to be held
    on 24 May 2024 for the purpose of ASX Listing Rule 7.1 to enable Classic to issue the
    consideration shares;
    • The issue of 10,000,000 fully paid ordinary shares in Classic; and
    • Payment of $106,196.00 as reimbursement for amounts paid by Reed on behalf of
    Classic (pursuant to existing arrangements between the parties to keep the tenements
    in good standing)."
 
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