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Alliance News

Agriterra Sale Of Sierra Leone Assets Hit By Payment Delay

Fri, 6th Jan 2017 15:43

LONDON (Alliance News) - Agriterra Ltd said Friday it is in ongoing discussions after an issue with the payment for the proposed sale of its Sierra Leone cocoa assets.

Agriterra agreed the sale of the assets for USD750,000 in a management buy-out, but said Friday it has been informed the payment for the sale cannot be made by January 9.

However, Agriterra said the management team "remain committed" to the deal and discussions are ongoing. The company said it expects to be able to release an update on the deal during January.

Shares in Agriterra were down 12% at 0.110 pence Friday.

By Adam Clark;

Copyright 2017 Alliance News Limited. All Rights Reserved.

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