AMENDED MUSTANG ASSET ACQUISITION AGREEMENTS:
PURCHASE CONSIDERATION REDUCED BY $23.4 MILLION IN NOMINAL EQUITY VALUE
Highlights:
- Mustang agrees on cancellation of all performance rights and performance cash payments for diamond, graphite & ruby assets
- Mustang to issue $7.2 million of ordinary shares (subject to escrow) as consideration for the cancellation of $24.7 million (nominal value) performance shares & $5.9 million of performance cash payments, subject to shareholder approvals
- Up to $23.4 million in nominal equity value contributed by vendors significantly reduces expected future dilution to MUS shareholders
- Simplified capital structure assists in execution of project development plans
For further information please download PDF attached:
