Brief: Wide Open Agriculture Clarifies Talks Resulted In Non-Binding MoU With Saputo Dairy Australia

Wide Open Agriculture

10/10/2023 11:00

Oct 10 (Reuters) - Wide Open Agriculture Ltd  WOA.AX :
    * CLARIFY ADVANCED CONFIDENTIAL NEGOTIATIONS REFERENCED
RESULTED
IN A NON-BINDING MOU WITH SAPUTO DAIRY AUSTRALIA
    * NON-BINDING MOU TO PROVIDE A FRAMEWORK TO NEGOTIATE A
LEGALLY
BINDING DEFINITIVE AGREEMENT FOR PRODUCTION OF BUNTINE PROTEIN
    * CONFIRMS NO COMMERCIAL PRODUCTION WILL OCCUR UNDER MOU AND
NO
COSTS INCURRED
    * WILL PAY A FEE PER TONNE OF PRODUCTION OF BUNTINE PROTEIN,
BASED
ON FIXED AND VARIABLE COSTS OF PRODUCTION
    * ADVISED ASX THAT IT INTENDS TO UNDERTAKE A CAPITAL RAISE

Source text for Eikon:  ID:nASX8GRX2h 
Further company coverage:  WOA.AX 

 ((Reuters.Briefs@thomsonreuters.com;))