Binding Term Sheet for sale of Granville Project
Filed with ASX · · 2 pages · English
Summary by 6ix AI
Clara Resources Australia Limited has executed a binding term sheet for the sale of its subsidiary, Ten Star Mining Pty. Ltd, which holds the Granville Tin Project in Tasmania. The purchaser is Reforme Group Pty. Ltd, an unrelated private company with mining interests in Australia. The sale is subject to regulatory approvals and includes a structured payment plan with both upfront and deferred payments. The term sheet allows for termination under certain conditions, including non-payment by the buyer.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Clara Resources Australia Limited on 6ix
Story so far
Earlier from Clara Resources Australia
- Scoping Study update for Ashford Coal Project
- Binding Agreement for sale of Granville Project for $650,000
- Amended Quarterly cash flow-30 June 2022
- Update on Mackenzie Project
- Quarterly Appendix 5B Cash Flow Report
Later from Clara Resources Australia
- Successful Capital Raising
- Quarterly Activities Report 31 March 2023
- Quarterly Cash Flow Report 31 March 2023
- Notice of Extraordinary General Meeting
- CEO Presentation to EGM
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