Maybe the SECURITY PACKAGE is certain SHAREHOLDERS, putting up money to pay LOCKE...!
JULY 30 2024
Continuing Negotiations with Locke
AVZ Minerals Limited (AVZ) refers to its prior announcements:
• on 17 November 2023 outlining the Binding Term Sheet agreed between
AVZ and Locke Capital I, LLC and its investment manager, Locke Capital
Limited (Locke) to provide a pathway for the execution of a formal
agreement for a funding facility;
• on 2 April 2024 regarding an extension of the exclusive due diligence
period to 31 May 2024; and
• on 14 June 2024 regarding an extension of the exclusive due diligence
period to 15 July 2024.
AVZ advises that, notwithstanding the expiry of the exclusive due diligence period,
negotiations between AVZ and Locke in respect of a formal agreement for a
funding facility are continuing including in relation to an appropriate security
package for the facility.
Maybe the SECURITY PACKAGE is certain SHAREHOLDERS, putting up...
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