AVZ 0.00% 78.0¢ avz minerals limited

Hope as a SH and MAYBE others WE haven't been SUCKED in by...

  1. 11,075 Posts.
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    Hope as a SH and MAYBE others WE haven't been SUCKED in by management and put in this MESS...imo
    Seems we are NOT going to receive a Announcement in regards to the LOCKE DEAL update....IMO..sneaky.png
    No update to the TIA issue..!..frown.png

    Extension of Exclusive Due Diligence Period for a Funding Facility of up to US$20,000,000

    As previously announced on 17 November 2023, the Company signed a Binding Term Sheet (Term
    Sheet) 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 (Funding Facility) with Locke Capital I, LLC and its
    investment manager Locke Capital Limited (Locke). Locke has substantially advanced its due diligence
    process.

    To enable the parties sufficient time to seek final approvals and negotiate and agree the facility
    documents, an extension to the Term Sheet from 31 March 2024 to 31 May 202413 was agreed during
    the March 2024 quarter, with the aim of executing a formal agreement for the Funding Facility as soon
    as practicably possible.
    Locke has affirmed it remains committed to progressing the facility on terms
    consistent with the Term Sheet, subject to successful finalisation of diligence, final approvals, and
    negotiating and agreeing facility documents.
 
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Currently unlisted public company.

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