RE: 14 FEBRUARY 20256 Nov 2024 12:41
Transformational Acquisition of Havieron & Telfer
GREATLAND GOLD PLC
Released 16:45:00 10 September 2024
Acquisition Conditions
Acquisition Completion is subject to the satisfaction (or if applicable, waiver) of Acquisition Conditions, including:
§ passing of the Acquisition Resolution at the General Meeting;
§ completion by Newmont of the remediation of the Telfer Tailings Storage Facility 8, such that the deposition of tailings can recommence and resumption by Newmont of processing operations for a period of 14 consecutive days;
§ foreign investment approvals from the Treasurer of the Commonwealth of Australia;
§ ministerial consent to the transfer of the Telfer and Havieron mining tenements;
§ certain other third party and governmental consents and approvals to the transfer, assignment and/or novation of certain leases, contracts and approvals related to the Target Assets; and
§ issue, allotment and admission to trading on AIM of the Consideration.
Subject to satisfaction (or if applicable, waiver) of the Acquisition Conditions, Acquisition Completion is expected to occur in Q4 2024. The Acquisition Agreement provides for a longstop date of 14 February 2025, which may be extended in certain circumstances by up to a further six months.