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FIRST LITHIUM LIMITED — Capital/Financing Update 2011
Dec 15, 2011
64921_rns_2011-12-15_8115ad55-08bb-4abd-922f-10a8c61156e9.pdf
Capital/Financing Update
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ADVANCED ENGINE COMPONENTS LIMITED ACN: 009 081 770
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14 ENERGY STREET PO BOX 3126 MALAGA 6090 WESTERN AUSTRALIA TEL: +61 8 9209 6900 FAX: +61 8 9209 6999
ISO 9001 Lic.13705 SAI Global
19 December 2011
Company Announcements Office Australian Securities Exchange By: e-lodgement (ASX code ACE)
Update
Advanced Engine Components Limited (“ACE”) has continued its negotiations with various parties.
A non binding, confidential, term sheet has been signed with one of those parties. The term sheet is incomplete, is not an offer, can be withdrawn at any time and is conditional upon agreement from third parties that neither ACE nor the interested party have any control or influence.
If the transaction proceeds it would involve the sale of certain assets. The amount and form of the consideration is subject to due diligence.
Discussion and negotiation with the other parties will continue.
ACE is unable to place a time estimate or likely success factor on the non binding term sheet or other ongoing discussions.
For further information email [email protected]
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