Industrial minerals and technology company Syrah Resources (ASX:SYR) has today announced that a shareholders agreement has been reached between Syrah and the Government of Mozambique.
As previously announced to the market a 5 per cent non-diluting free carried equity interest in Syrah’s subsidiary Twigg Exploration and Mining will be made available to a Government of Mozambique entity.
The purpose of the Quotaholders Agreement is to govern the relationship between the Syrah Group and the Governmen tas quotaholders and set out how certain aspects of Twigg’s affairs will be conducted.
Syrah says The execution of the Quotaholders Agreement is a further demonstration of the constructive nature of the relationship between Syrah and the Government in Mozambique.
Shares in Syrah Resources (ASX:SYR) closed 0.99 per cent higher at $1.02 on Friday.