HEADS OF AGREEMENT WITH CRONIMET FOR JOINT VENTURE BUYOUT
EQR has extended its binding Heads of Agreement (“HoA”) with CRONIMET Asia Pte Ltd (“CR Asia”) and CRONIMET Australia Pty Ltd (“CR Australia”) until 31 May 2024 for the acquisition of CR Australia’s joint venture interest in the Mt Carbine Tungsten Operation. The formal transaction documents will be executed by 31 May 2024 with US$7.5 million of new ordinary shares, at A$0.09 per share, to be issued shortly thereafter.
As discussed previously. This has not happened yet. Great to see it is just a delay.
HEADS OF AGREEMENT WITH CRONIMET FOR JOINT VENTURE BUYOUTEQR has...
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