NewPeak Metals Limited (ASX:NPM) (NewPeak or the Company) is pleased to confirm that, in relation to the Share Purchase Deed to acquire Goldstrike Mining Pty Ltd that was announced by NewPeak on 7 July 2025, and the updated announcement issued on 11 July 2025, NewPeak has waived the Condition Precedent to, and therefore does not intend to, undertake a $250,000 capital raise in conjunction with this acquisition.
This waiver follows the recent sale of 1,649,383 Lakes Blue Energy NL (ASX:LKO) (Lakes) shares held by NewPeak, as outlined in NewPeak's ASX announcement dated 9 July 2025, for consideration of $1.14m. NewPeak's remains the largest shareholder of Lakes holding 7,935,233 (11.89% of Lakes shares). The Company is seeking to expedite both the completion of this acquisition and the commencement of exploration activities.
Contact:
Mr Mark Purcell
Managing Director
Email: info@newpeak.com.au
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