AVZ 0.00% 78.0¢ avz minerals limited

Locke Extension, page-80

  1. 11,096 Posts.
    lightbulb Created with Sketch. 1017
    ANYONE heard any good news on this LOCKE MATTER ..!
    AVZ Management have not updated SH on this MATTER since this ANNOUNCEMENT..!...mad.png
    Now ITS the 22 of JULY they must of fell ASLEEP in their chair...!!!!!!...OMG

    AVZ Minerals Limited (AVZ or Company) refers to its prior announcements:
    • on 17 November 2023 outlining the Binding Term Sheet (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 general working capital and litigation funding facility of up to
    US$20,000,000; and
    • on 2 April 2024 regarding an extension of the exclusive due diligence period to
    31 May 2024.
    The Company advises that it continues to work closely with Locke to close out a
    relatively small number of outstanding issues to finalise the litigation funding
    facility.
    To enable the parties sufficient time to agree the facility documents, the Company
    and Locke have agreed to extend the exclusivity period to 15 July 2024.
 
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