Ann: Notice of Demand in respect of Chillagoe Acquisition, page-4

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Maverick1975

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02/04/20

11:19

Post #: 43836769
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Originally posted by Meteor: ↑

I am backing CSD on this - IMO will go the way of the previous case!

2nd April 2020
ASX Market Announcements Office
Notice of Demand in respect of Chillagoe Acquisition

Consolidated Tin Mines Limited (ASX:CSD) (the Company) refers to its previous ASX
announcements in respect of the acquisition of Auctus Chillagoe Holdings Pty Ltd (Auctus) and
the Chillagoe Project (Acquisition) and in particular, its ASX announcement dated 23 March
2020.

The Company advises shareholders that it has received a notice of demand (Notice) from
Auctus Minerals Nominee Pty Ltd as trustee for the Auctus Minerals Australian Unit Trust (the
Seller) in respect of payment of the break fee and interest on the deposit (an amount claimed
to be equal to $4,325,000) under the share sale agreement entered into in respect of the
Acquisition.

The Company disputes that the amount claimed by the Seller in the Notice is payable on the
basis of the prior termination of the SSA by the Company and will update shareholders in
respect of the matter in due course.

This announcement was authorised by the board of directors of CSD.

Ralph De Lacey
Managing Director
Consolidated Tin Mines Limited

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Oh of course you would, these geniuses in the CSD head office can do no wrong!
first they ludicrously agreed to a break fee when the financing wasn't even locked in, then they forgot to pay the deposit! CSD are A graders, no doubt!
good lord
laughing my *ss off!
Everything predicted is coming to pass

CSD Price at posting: 12.5¢ Sentiment: None Disclosure: Not Held
4 Upvote

1 Great analysis

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Ann: Notice of Demand in respect of Chillagoe Acquisition, page-4

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