And just to close out the POSCO deal... GXY have just announced final settlement
https://www.asx.com.au/asxpdf/20190301/pdf/4434jml5ss1d30.pdf
ASX ANNOUNCEMENT / MEDIA RELEASE
X ANNOUNCEMENT / MEDIA RELEASE
Australia
1 March 2019
POSCO FINAL SETTLEMENT FUNDS RECEIVED
Galaxy Resources Ltd (ASX:GXY) (“Galaxy” or “the Company”is pleased to advise that it has now received the full US$271.6 million consideration payable by POSCO in connection with the sale of the package of tenements located on the northern portion of the Salar del Hombre Muerto. This amount represents the transaction sale price of US$280 million, less US$8.4 million in withholding taxes which was paid in November 2018, and comprises:
- US$257 million consideration previously held in escrow by the Escrow Agent; and
- US$14.6 million payable by POSCO directly to Galaxy within 5 business days of completing the registration of certain usufruct transfers.
And just to close out the POSCO deal... GXY have just announced...
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