Birimian Limited (ASX:BGS; “Birimian” and “Company”) advises that it has received an offer, and has subsequently executed a binding Letter of Intent (LOI), relating to the purchase of a 100% interest in the Bougouni Lithium Project (Project) by Shandong Mingrui Group (Mingrui) for a total consideration of $AUD 107.5M in cash.
The LOI is subject to a number of conditions, including receipt of a deposit of $AUD 10.75M on or before 20 January 2017, at which point the LOI becomes binding. Subject to receipt of this deposit, the Company will take this transaction to shareholders for approval at a general meeting to be arranged and advised in due course.
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- Ann: Letter of Intent for Sale of the Bougouni Lithium Project
Ann: Letter of Intent for Sale of the Bougouni Lithium Project, page-3
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