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CLASSIC MINERALS LTD — Capital/Financing Update 2024
May 15, 2024
64664_rns_2024-05-15_88f2487a-3b99-4a49-9983-42cfc43ff09a.pdf
Capital/Financing Update
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16 May 2024
EXTENSION OF COMPLETION DATE
Redivium Limited (ASX:RIL) ( Redivium or the Company ) refers to the sale of tenement interests in the Forrestania Project to Classic Minerals Limited (ASX:CLZ)( Classic ) as detailed in the Company’s ASX announcement dated 3 October 2023 and extension announcement dated 5 February 2024.
Classic is holding a general meeting on 24 May 2024 to seek shareholder for the issue of shares in Classic to Reed Exploration Pty Ltd (a wholly owned subsidiary of the Company) under the tenement sale agreement. Both parties have agreed to extend the deadline date for satisfaction of the conditions precedent to 24 May 2024 (or such other date as agreed), to provide additional time for the satisfaction of the conditions precedent and completion of closure formalities.
Both parties remain committed to completion of the transaction.
This ASX announcement has been authorised for release by of the Board of the Company.
For further information, please contact: Brett Salt Chief Executive Officer Redivium Ltd T: + 61 8 9322 3388
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PO Box 1227 +61 8 9324 3388 ABN 52 099 862 129 West Perth WA 6872 [email protected] ACN 099 862 129