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AU - AngloGold Ashanti News Story

$22.4 0.9  4.0%

Last Trade - 06/05/21

Sector
Basic Materials
Size
Large Cap
Market Cap £6.70bn
Enterprise Value £7.28bn
Revenue £3.19bn
Position in Universe 985th / 6854

BRIEF-IGO Signs Agreement To Sell Tropicana To Regis Resources

Tue 13th April, 2021 2:27am
April 13 (Reuters) - IGO Ltd  IGO.AX :
    * BINDING AGREEMENT TO SELL TROPICANA TO REGIS
RESOURCES,RRL-IGO.AX
    * BINDING AGREEMENT TO SELL 30% STAKE IN TROPICANA TO REGIS
RESOURCES FOR A$903 MILLION
    * DEAL WITH REGIS IS SUBJECT TO WAIVER OR NON EXERCISE OF
RIGHT OF
LAST REFUSAL OF UP TO 60-DAYS HELD BY ANGLOGOLD ASHANTI
AUSTRALIA
    * IF ANGLOGOLD ASHANTI EXERCISES ROLR, TRANSACTION WITH
REGIS WILL
NOT PROCEED
    * PROCEEDS FROM SALE WILL BE APPLIED TO FUNDING IGO'S
INVESTMENT
IN AUSTRALIAN LITHIUM ASSETS OF TIANQI LITHIUM

Source text for Eikon:  ID:nASX30rchL 
Further company coverage:  IGO.AX 

 ((Reuters.Briefs@thomsonreuters.com;))
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