NEWS RELEASE
Release Time IMMEDIATE
Date 9 December 2008
SALE OF RINCON LITHIUM LIMITED TO SENTIENT
The Company has today entered into a sale and purchase agreement with Sentient GP
III, L.P. acting through its general partner Sentient Executive GP III Limited, as general
partner of the Sentient Global Resources Fund, L.P., a Cayman Islands exempted
company.
The agreement provides for a sale of all of the Company’s interest in Rincon Lithium
Limited for a total consideration of US$22,170,000 with a completion date of 30
December 2008. A deposit of US$2,000,000 is to be held by Hall and Wilcox, the
Company’s solicitors in the transaction.
The agreement is conditional upon, among other things, the purchaser being satisfied
(in its absolute discretion) with the results of its due diligence enquiries in relation to the
Company and its affairs.
Yours faithfully,
Stephen C. Prior
Company Secretary
- Forums
- ASX - By Stock
- ADY
- notice received
notice received
-
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADY (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.7¢ |
Change
-0.001(12.5%) |
Mkt cap ! $11.40M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.7¢ | $280 | 40K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 1280820 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 2539287 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 1280820 | 0.007 |
6 | 1400000 | 0.006 |
8 | 1457440 | 0.005 |
5 | 2150120 | 0.004 |
1 | 600000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 2539287 | 2 |
0.010 | 965195 | 4 |
0.011 | 55003 | 1 |
0.012 | 201360 | 1 |
0.014 | 200000 | 1 |
Last trade - 11.44am 09/10/2024 (20 minute delay) ? |
Featured News
ADY (ASX) Chart |
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online