AVZ avz minerals limited

KoBold Makes Offer for Congo Lithium as Country Courts US, page-2526

  1. 190 Posts.
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    Yep they have an agreement...it is called the Transaction Implementation Agreement and JV including $20 mil pre completion facility
    The Transaction Implementation agreement ( TIA ) is subject to conditions precedent to complete the transaction !!! That bit is important and i hope you understand ie FINALIZATION OF THE TIA IS SUBJECT TO THE CONDITIONS PRECEDENT BEING SATISFIED
    Below is the CPs as per the 8 Jan announcement. Also if you read the announcement it states that the first $10 million of the $20 mil facility from CATH is U N S E C U R E D !!!

    Conditions precedent to the transaction completion
    Completion is subject to satisfaction or waiver of certain conditions precedent, including:
    - the Mining Licence being granted to Dathcom;
    - the transfer of certain service entities to GLH;
    - the CAPEX Funding Agreement is entered into by CATH and GLH;
    - a shareholders agreement in respect of GLH is entered into between AVZ, CATH and GLH;
    - a revised offtake agreement is entered into between Dathcom and CATH;
    - all regulatory approvals and third-party consents required under all applicable laws (including
    those of the Democratic Republic of Congo and the People's Republic of China) and contractual
    arrangements having been obtained;
    - no material adverse change hav

    Oh and one more thing. I dont follow Deboss but i certainally havent seen him posting anywhere that AVZ is valued at 70 cps.

 
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