Eden Innovations Ltd - Sale of Georgia USA Property Update

About this update from Eden Innovations Ltd

Eden Innovations Ltd ('Eden') (ASX: EDE) is pleased to report JB2 Partners LLC ('the Purchaser'), the purchaser from Eden Real Estate LLC ('the Seller') of the 65.58-acre industrial property at 1475 Doug Barnard Parkway , Augusta, Georgia , USA ('the Property') pursuant to a conditional contract to sell and purchase the Property for US$5 million ( A$7.494 million ) dated 13 September 2024 and as varied on 13 February 2025 the ('the Contract') has exercised its fourth option to extend the Inspection Period pursuant to the terms of the Contract for an additional thirty (30) days from and including Friday, 14 March 2025 to and including Monday, 14 April 2025 and the Purchaser has delivered or will deliver to Chicago Title Insurance Company - Seattle , National Commercial Services the Extension Fee of US$50,000 , to be applied towards Interest Reserve, in accordance with the Contract. Eden will continue to update shareholders on the progress and finalisation of the sale of its Georgia Property Contact: Brett Tucker Tel: +61 8 9282 5889. (C) 2025 Electronic News Publishing, source ENP Newswire

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