Mt Sholl Consideration Payment Terms Revised

Summary by 6ix AI

Raiden Resources Limited has revised the payment terms for its Option and Sale and Purchase Agreement with Forgent PLC regarding the Mt Sholl Ni-Cu-PGE Project. The revised terms stipulate that the total consideration will now be paid in four instalments instead of a lump sum upon option exercise. Raiden's subsidiary will hold security over Forgent's interest in the project until all payments are completed. The option period has also been extended by one week, now set to expire mid-November.

Written by 6ix AI from the company’s filing. How 6ix writes summaries