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PODIUM MINERALS LIMITED — Capital/Financing Update 2021
Sep 29, 2021
65592_rns_2021-09-29_e2b7ac3a-a45e-43a6-be2b-6682b8c0ae97.pdf
Capital/Financing Update
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ASX Announcement
30[th] September 2021
Agreement with EV Metals extended
Podium Minerals Limited
ABN: 84 009 200 079 ASX Ord Shares: POD
Directors
Clayton Dodd Executive Chairman
Russell Thomson Executive Director & CFO
Roberto Castro Non-Executive Director
Cathy Moises Non-Executive Director
Rod Baxter Non-Executive Director
Company Secretary
Podium Minerals Limited (POD) refers to its ASX announcement dated 18[th] December 2020 arising from the Deed for the Alignment of Mining Leases with Resources between POD and EV Metals Australia Pty Limited (EV Metals) dated 17 December 2020 (Agreement) which provides for the alignment of mining leases with the ownership mineral resources of POD and EV Metals at Weld Range under which Podium will receive a cash payment of $2.4m as compensation to POD for any interference caused to the operations of POD by the conduct of mining operations by EV Metals.
The Agreement is subject to several Conditions Precedent which remain outstanding but are nearing completion. In accordance with the Agreement both parties have mutually agreed to extend the period for satisfaction of the remaining Conditions Precedent to 31[st] December 2021.
The Agreement was also subject to FIRB approval which has been received.
This announcement has been authorised and approved by the Board in accordance with the Company's published continuous disclosure policy
Russell Thomson
Contact Details
– ENDS –
Suite 4, 245 Churchill Ave Subiaco WA 6008
T: +61 8 9218 8878
For further information or queries please contact:
Podium Minerals Limited
Clayton Dodd Executive Chairman
T: +618 9218 8878 E: [email protected]
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