REG - Future Metals NL - Variation to Option Agreement

Future Metals NLAnnouncement

06/11/2023 07:00

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RNS Number : 4100S  Future Metals NL  06 November 2023

 

VARIATION TO OPTION AGREEMENT

Future Metals NL ("Future Metals" or the "Company", ASX | AIM: FME) and Osprey
Minerals Pty Ltd (the "Parties") have agreed to vary the terms of the option
agreement announced by the Company on 5 October 2023 (the "Option Agreement").

In order to facilitate the requisite administrative processes, the Parties
have agreed:

(a)           that the deemed issue price for the upfront
consideration of A$625,000 new fully paid ordinary shares in the Company
("Ordinary Shares") will be A$0.034, being the 5-day Volume Weighted Average
Price on the ASX of the Company's Ordinary Shares to 30 October 2023; and

(b)           the option period will be extended until 17 November
2023.

All other terms of the Option Agreement remain the same as previously
announced, and a further update will be provided in due course.

 

This announcement has been approved for release by the Board of Future Metals
NL.

 

For further information, please contact:

 Future Metals NL                           +61 8 9480 0414
 Jardee Kininmonth                          info@future-metals.com.au (mailto:info@future-metals.com.au)
 Strand Hanson Limited (Nominated Adviser)  +44 (0) 207 409 3494
 James Harris/James Bellman
 Panmure Gordon (UK) Limited (UK Broker)    +44 (0)207 886 2500

 John Prior/Hugh Rich/Rauf Munir
 FlowComms (UK IR/PR)                       +44 (0) 789 167 7441
 Sasha Sethi

 

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