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EDEN INNOVATIONS LTD Capital/Financing Update 2024

Dec 12, 2024

64820_rns_2024-12-12_dab057e0-f8ca-43fb-9789-2cf141a594d6.pdf

Capital/Financing Update

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ACN 109 200 900

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AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

13 December 2024

Sale of Georgia USA Property Update

Eden Innovations Ltd (Eden) (ASX: EDE) is pleased to report that JB2 Partners LLC (“ the Purchaser ”),the purchaser from Eden Real Estate LLC (“ the Seller ”) of the 65.58-acre industrial property at 1475 Doug Barnard Parkway, Augusta, Georgia, USA (“ the Property ”) pursuant to a conditional contract to sell and purchase the Property for US$5 million (A$7.494 million) dated 13 September 2024 (“ the Contract ”) (see Eden’s ASX Announcement dated 16 September 2024) has:

  • exercised its first option to extend the 90-day Inspection Period pursuant to the terms of the Contract for an additional thirty (30) days to and including Monday, January 13, 2025 (the first business day after Saturday, January 11, 2025) and

  • the Purchaser has delivered or will deliver to Chicago Title Insurance Company – Seattle, National Commercial Services the Extension Fee of US$50,000.00 in accordance with the Contract.

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Gregory H. Solomon Executive Chairman

This announcement was authorised by the above signatory. For further information please contact Brett Tucker on +61 8 9282 5889.

Eden Innovations Ltd | Telephone +61 8 9282 5889 Level 15, 197 St George’s Terrace, Perth, Western Australia 6000, Australia | edeninnovations.com