March 9 (Reuters) - NT Minerals Ltd (NTM) :
- ENTERED INTO BINDING DOCUMENTATION WITH REFORME RESOURCES PTY FOR PROVISION OF CONVERTIBLE NOTE FACILITY OF A$2.5 MILLION
- TONY KIERNAN HAS RETIRED AS CHAIRMAN
- MAL JAMES APPOINTED CHAIRMAN
- HUGH THOMAS IS ALSO STEPPING DOWN AS MANAGING DIRECTOR
- UPDATE TO POTENTIAL LEGACY LIABILITY RELATING TO REHABILITATION OBLIGATIONS OF MCKINNON'S GOLD MINE LOCATED NEAR COBAR NSW
- PRELIMINARY DISCUSSIONS WERE HELD BETWEEN DEPARTMENT OF REGIONAL NSW AND COMPANY REGARDING LEGACY REHABILITATION
- BELIEVES IN POSITION TO ADEQUATELY ADDRESS ANY POTENTIAL LEGACY REHABILITATION ISSUE AS IT ARISES
- MADE INITIAL OFFER TO DEPARTMENT ON 10 NOV TO RESOLVE BY MAKING FINANCIAL CONTRIBUTION OF A$1.7 MILLION FOR REHABILITATION OF MCKINNON'S SITE
- DEPARTMENT OF REGIONAL NSW HAS NOT PROVIDED ANY RESPONSE TO COMPANY IN REGARDS TO OFFER
- OFFER WAS NOT AN ADMISSION OF EXISTENCE OF A LIABILITY BY CO
- COMPANY HAS NOW FORMALLY NOTIFIED DEPARTMENT OF REGIONAL NSW THAT OFFER IS NOW WITHDRAWN
- MAY DRAW ON CONVERTIBLE NOTE FACILITY SHOULD REQUIREMENT TO MAKE PAYMENTS UNDER A LEGITIMATE REHABILITATION LEGACY CLAIM ARISE
- ANTICIPATES SUSPENSION OF SHARES SHALL BE LIFTED FOLLOWING COMPLETION OF CAPITAL RAISING, ANTICIPATED TO OCCUR ON OR AROUND 11 APRIL
News: NTM NT Minerals Enters Binding Documentation For Convertible Note Facility Of A$2.5 Million
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Last
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Mkt cap ! $1.816M | |||
| Open | High | Low | Value | Volume |
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|---|---|---|
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|---|---|---|
| 0.2¢ | 14802020 | 2 |
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