A40 0.00% 8.2¢ alliance mineral assets limited

Ann: Extension of Voluntary Suspension, page-23

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  1. 195 Posts.
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    Are we referring to the clause for expanded production?


    Because the last mention of the specific term "right of first refusal" was in SGX:40F announcement on 05/10/17 for the following term:

    "2.7 AMAL shall sell all of its share of production of lithium concentrate to Burwill on an annual basis, up to 40,000 tonnes. Thereafter, Burwill has a right of first refusal to purchase the excess lithium concentrate produced (if any). Burwill has exercised its  right to purchase all excess lithium concentrate produced (if any) for the first 2 years."


    However, the above term was removed as part of a follow up announcement on SGX:40F on 31/10/17:

    "2.3 Paragraph 2.7 of the 2 October 2017 announcement has been deleted. Instead, AMAL shall sell all of its share of production of lithium concentrate of a grade of at least 5.5% to Burwill until 31 December 2022 in accordance with the provisions of the Amended Offtake Agreement. Thereafter, the parties shall negotiate the terms of sale of lithium concentrate to Burwill."


    There is also no mention of ROFR in the scheme booklet.

 
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