Brief: Flinders Mines Says Balla Balla Infrastructure Project Acquisition Terminated
11/07/2023 24:28
July 11 (Reuters) - Flinders Mines Ltd FMS.AX :
* BALLA BALLA INFRASTRUCTURE PROJECT ACQUISITION TERMINATED
* TODD CORPORATION , BBIG GROUP PTY AND FLINDERS MUTUALLY
AGREED
TO TERMINATE AGREEMENT
* AGREEMENT FOR FLINDERS TO ACQUIRE 100% OF FORGE RESOURCES
SWAN
PTY LTD , INCLUDING ASSETS OF BBIG'S BALLA BALLA INFRASTRUCTURE
PROJECT
* UPON TERMINATION, CO WILL ELIMINATE EXPENDITURE COMMITMENT
OF
A$2 MILLION PER ANNUM FOR TENEMENT EXPENDITURE AND MAINTENANCE
Source text for Eikon: ID:nASX8GkD6T
Further company coverage: FMS.AX
((Reuters.Briefs@thomsonreuters.com;))
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