Kopore RnS - released midnight24 Jun 2021 08:54
ARC MINERALS TRANSACTION UPDATE?
Further to the ASX announcements on 25 March 2021 and 24 May 2021, ? Kopore Metals Limited (“Kopore” or “Company”) advises that the Company ? and AIM listed ARC Minerals Limited are well advanced on the definitive? agreements relating to the sale of 75% of the issued capital in the Company’s ? wholly owned subsidiary company, Alvis-Crest (Proprietary) Limited, the ? owner of two prospecting licences in the Kalahari Copper Belt in Botswana? (“Transaction”). ?
As announced on 24 May 2021, the Company and ARC Minerals Limited had ? agreed the conditions precedent to the Transaction were to be satisfied by 23 ? June 2021 (being extended from 60 days as announced on 25 March 2021), ? however it has been mutually agreed to extend this date to 23 July 2021 in ? order to facilitate the finalisation of the shareholders agreement and royalty ? agreement.?
Authorised by the Board of Kopore Metals Limited.