AXZ 0.00% 48.0¢ amex resources limited

News: AXZ Amex Resources updates on FIDIC contract

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    April 18 (Reuters) - Amex Resources Ltd (AXZ)

    • FIDIC contract update
    • Amex and CCCC First Harbor Consultants agreed to amend final milestone payment arrangements
    • Amendment such that US$7.5 million will now become payable upon Amex providing contractor with a 'taking over certificate'
    • As a consequence of revised final milestone payment arrangements, contractor has agreed to cancellation of conditional call option
 
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