RE: 500k at 20p popped up30 Dec 2019 20:50
bassguy - that indeed is quite interesting. I wonder if someone got wind of an RNS tomorrow to announce that the Main sale and purchase agreement for Enerox has been completed.
(https://polaris.brighterir.com/public/bushveld_minerals/news/rns/story/w1ogy4r )
" A subsequent sale and purchase agreement (the "Main SPA"), subject to a technical, legal and financial due diligence, which will provide for the purchase of the remaining 75.1 per cent of the shares of Enerox for a further consideration of €10.85 million, comprising:
o €8.35 million payable upon completion of the Transaction. Up to €2.0 million of this consideration can be paid, at Bushveld's discretion, in Bushveld Minerals shares (priced at the lesser of the 10-day volume-weighted-average-price prior to, or the price on, the 4th day before closing). It is intended that the Main SPA and other principal transaction documents will be signed on or before 31 December 2019, with completion to occur as soon as practical thereafter.
o An additional deferred consideration of €2.5 million payable by the Bushveld Consortium to the Seller over 30 months comprising €500,000 payable every six months starting in June 2020 (the "Deferred Consideration"). "