The Company’s preference remains to achieve a negotiated resolution of dispute with the DRC State.
As previously announced, AVZ is in advanced discussions with Locke Capital I, LLC and its investment manager, Locke Capital Limited (Locke) to secure a general working capital and litigation funding facility of up to US$20,000,000. 3 The Company is pleased to report Locke has now completed its due diligence and is working with AVZ to agree the terms of a formal agreement.
AVZ Price at posting:
78.0¢ Sentiment: None Disclosure: Held
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