AVZ 0.00% 78.0¢ avz minerals limited

Locke Extension, page-176

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    AVZ Announcement JULY 2024
    Appointment of new DRC counsel and investigation

    So DLA PIPER has been stepped down by AVZ, also how will this OVERSIGHT work...??

    The Company has resolved to appoint a new legal counsel in the Democratic
    Republic of Congo (DRC) to assist with all in-country proceedings and matters
    relating to DRC law. The Company, and its subsidiaries, have commenced
    transitioning all in-country matters to its newly appointed counsel under the
    oversight of the Company's international counsel, DLA Piper.

    Additionally, the Company has been made aware of allegations of unauthorised
    transactions involving the Company's escrow account in the DRC.1 The Company is
    investigating these allegations, including any potential wrongdoing, and to the
    extent there have been any unauthorised transactions in respect of the account,
    AVZ will take all necessary actions required.
 
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