Unfortunately that doesn't help AVZ get money in the SHORT TERM...!
This is a MAJOR CONCERN and AVZ refusing to UPDATE AVZ S H....
• on 17 November 2023 outlining the Binding Term Sheet (Term Sheet) agreedbetween AVZ and Locke Capital I, LLC and its investment manager, LockeCapital Limited (Locke) to provide a pathway for the execution of a formalagreement for a general working capital and litigation funding facility of up toUS$20,000,000; and• on 2 April 2024 regarding an extension of the exclusive due diligence period to31 May 2024.
The Company advises that it continues to work closely with Locke to close out arelatively small number of outstanding issues to finalise the litigation fundingfacility.
To enable the parties sufficient time to agree the facility documents, the Companyand Locke have agreed to extend the exclusivity period to 15 July 2024.
This announcement was authorised for release by the board of directors of AVZMinerals Limited.
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