RE: Two questions from the RNS21 Jan 2023 18:45
The sale of Bougouni West may not necessarily happen…
With the Company's focus on Bougouni, Kodal has entered a non-binding term sheet for the sale of its Bougouni West project (which for the avoidance of doubt, is unconnected to the Bougouni Project) for a consideration of £2 million in cash (the "Disposal"). The Disposal is subject, amongst other things, to completion of due diligence, and agreement of final contractual terms, and therefore there is no guarantee on timing or whether the Disposal will ultimately proceed. Further updates will be provided in due course.