Brief: Larvotto Resources Announces Binding Term Sheet With Administrators Of Red River Resources
20/10/2023 02:43
Oct 20 (Reuters) - Larvotto Resources Ltd LRV.AX :
* ENTERED INTO A LEGALLY BINDING TERM SHEET WITH
ADMINISTRATORS OF
RED RIVER RESOURCES
* TERM SHEET TO ACQUIRE 100% OF HILLGROVE MINE PTY LTD
* SHARE ISSUE OF A$7.6M INCLUDING A PLACEMENT OF A$4.9M
* UNDERWRITTEN ENTITLEMENT OFFER TO RAISE A$2.7M
* FURTHER ISSUE OF SHARES TO VALUE OF A$2.5M TO TRAFIGURA
Source text for Eikon: ID:nASX1McvX0
Further company coverage: LRV.AX
((Reuters.Briefs@thomsonreuters.com;))
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