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MARMOTA LIMITED — Capital/Financing Update 2021
Oct 12, 2021
65315_rns_2021-10-12_73e69aec-040d-4fa9-b4bc-7fca8a44725f.pdf
Capital/Financing Update
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13 October 2021
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Jumbuck Gold Project Update
Further to the ASX announcement on 1 June 2021, Tyranna Resources Limited (ASX: TYX) ( Tyranna or the Company ) is pleased to announce that, Ministerial Consent for the transfer of relevant tenements has been granted for the sale of the Jumbuck Gold Project to Marmota Limited ( Marmota ) ( Transaction ), with settlement under the terms of the Share and Asset Sale Agreement expected to occur by 31 October 2021.
Marmota and Tyranna have agreed for Marmota to release $200,000 of the funds held in trust prior to settlement of the Transaction with the balance to be released upon completion of the sale of the Jumbuck Gold Project to Marmota.
Further details are contained in an announcement by Marmota (ASX:MEU) on 13 October 2021.
This announcement has been authorized by the Board of the Company.
Joe Graziano Director
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Level 3, 101 St Georges Terrace, PERTH WA 6000 | GPO Box 2704, PERTH WA 6001
T +61 6558 0886 | F +61 8 6316 3337 | E [email protected] | W tyrannaresources.com
ASX TYX | ABN 79 124 990 405
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