Brief: Firefinch Ltd Announces Morila Gold Project Recapitalisation Update

Firefinch

03/11/2022 04:50

Nov 3 (Reuters) - Firefinch Ltd  FFX.AX :
    * MORILA GOLD PROJECT RECAPITALISATION UPDATE
    * RECAPITALISATION OF MORILA GOLD MINE WILL NOT PROCEED
    * INFORMED SOCIÉTÉ DES MINES DE MORILA SA IT IS UNABLE TO
CONTINUE
TO FUND MORILA SA
    * EXPECTS ITS INVESTMENT IN MORILA SA TO BE WRITTEN DOWN TO
NIL
    * FIREFINCH REMAINS IN A STRONG FINANCIAL POSITION
    * EXPECTS THAT MORILA SA WILL ENTER A MALIAN INSOLVENCY
PROCESS IN
IMMEDIATE TERM
    * MORILA GOLD PROJECT RECAPITALISATION UPDATE

Source text for Eikon:  ID:nASX3gTGLs 
Further company coverage:  FFX.AX 
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