Redivium Extends Completion of Forrestania Interest Sale to Classic Minerals

MT Newswires Live

2024/09/18

Redivium (ASX:RIL) agreed to extend to Nov. 1 the completion date of the sale of its tenement interests in the Forrestania project in Western Australia to Classic Minerals (ASX:CLZ), according to a Wednesday filing with the Australian bourse.

As part of the extension, Classic Minerals will pay the balance of AU$350,000 plus 12% interest on or before Nov. 1 and an additional penalty fee equivalent to 15% of the total outstanding amount it owes at the completion date.

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