Brief: Leaf Resources Receives Signed Non-Binding LOI From Formosa Plastics Group

Foresta group

10/01/2023 01:27

Jan 10 (Reuters) - Leaf Resources Ltd  LER.AX :
    * RECEIVES SIGNED NON-BINDING LOI FROM FORMOSA PLASTICS
GROUP FOR
OFFTAKE OF 300,000 TONNES PER ANNUM OF PREMIUM WOOD PELLETS
    * CONSTRUCTION OF INITIAL PINE CHEMICALS PLANT TO BE LOCATED
AT
ROTORUA, NEW ZEALAND IS EXPECTED TO COMMENCE IN Q1 2023
    * CO SIGNED CONDITIONAL AGREEMENTS WITH FORMOSA GROUP
AUSTRALIA
PTY LTD AND FORMOSA TECHNOLOGIES PTY LTD TO INVEST A$5.35
MILLION INTO CO
    * STRATEGIC INVESTMENT FACILITATED VIA ISSUE OF 445.5
MILLION
FULLY PAID ORDINARY SHARES IN CO AT ISSUE PRICE OF A$0.012 PER
SHARE

Source text for Eikon:  ID:nASXbR2lWY 
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 ((Reuters.Briefs@thomsonreuters.com;))