Further, shareholders should note this information:
The Company is also pleased to advise that non-binding indicative term sheets have been executed
with a number of a suitable parties for the purchase of the Company’s interests in Societe des Mines
de Morila SA (“Morila SA”). These non-binding term sheets form the basis for negotiation of a
definitive sale and purchase agreement in relation to 100% of Firefinch’s shares in Morila Limited
(which in turn holds 80% of Morila SA). Additionally, the non-binding term sheets form the basis for a
sale and purchase of Firefinch’s 100% interest in Birimian Gold (Mali) Pty Ltd (“Birimian”), which holds
100% of the equity in: (i) Birimian Gold Mali Sarl (which holds the Finkola, Diokelebougou, N’Tiola and
Makono permits); Sudquest SARL (which holds the Finkola Nord permit), Timbuktu Ressources SARL
(which holds the Finkola Sud and Sanankoroni permits), Finkola SA, and Birimian Liberia. The sale of
the interest in Morila SA and Birimian will be for nominal consideration.The non-binding term sheets
contemplate certain conditions precedent, including Firefinch obtaining shareholder approval under
Listing Rule 11.2.
https://hotcopper.com.au/posts/68093566/single
Firefinch has selected a substantive West African mining contractor (“Proposed Purchaser”) as the
preferred bidder out of the parties that executed non-binding indicative term sheets to acquire the
Company’s interest in Morila SA and Birimian. The Proposed Purchaser is well placed as a significant
and experienced mining contractor in the region.
Firefinch is now focused on working closely with the Proposed Purchaser on negotiating full form
binding transaction documents, in parallel with the Proposed Purchaser’s work to finalise its due
diligence.
The sale of the interest in Morila SA and Birimian will be for nominal consideration. The non-binding
term sheets contemplate certain conditions precedent, including Firefinch obtaining shareholder
approval under Listing Rule 11.2.
https://hotcopper.com.au/posts/68547376/single
For shareholders voting, you want to know what is the "Nominal Consideration" and whether it is of material value to current holders.
Further, shareholders should note this information:The Company...
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