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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