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ELEVRA LITHIUM LIMITED — Capital/Financing Update 2015
Dec 1, 2015
64838_rns_2015-12-01_c091d0c8-1c58-45c4-a4e8-220f4b266035.pdf
Capital/Financing Update
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2 DECEMBER 2015
BRASIL GRAPHITE OPTION EXPIRY AND RENEGOTIATION
Sayona Mining Limited (ASX: SYA) ("Sayona" or the "Company") reports that the Option-toPurchase agreement announced on the 5 August 2015 to acquire the Itabela graphite project from Brasil Graphite SA (“BGSA”) expires today.
The Company is finalising a new agreement with BGSA to extend and re-structure the deal, including a substantial reduction in up-front committed cash. Sayona expects that the terms should be announced in the next ten days, once deal is finalized and signed.
BGSA has agreed to provide the Company with continued exclusivity until the new deal is signed.
For more information, please contact:
Corey Nolan Chief Executive Officer Phone: +61 (7) 3369 7058 Email: [email protected]
Sayona Mining Limited is an Australian, ASX-listed (SYA), company focused on sourcing and developing high purity flake graphite for use in the rapidly growing new technology and industrial sectors. Please visit us as at www.sayonamining.com.au
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