Variation to Option Agreement

Future Metals NL
06 November 2023
 

 

VARIATION TO OPTION AGREEMENT

Future Metals NL ("Future Metals" or the "Company", ASX | AIM: FME) and Osprey Minerals Pty Ltd (the "Parties") have agreed to vary the terms of the option agreement announced by the Company on 5 October 2023 (the "Option Agreement").

In order to facilitate the requisite administrative processes, the Parties have agreed:

(a)           that the deemed issue price for the upfront consideration of A$625,000 new fully paid ordinary shares in the Company ("Ordinary Shares") will be A$0.034, being the 5-day Volume Weighted Average Price on the ASX of the Company's Ordinary Shares to 30 October 2023; and

(b)           the option period will be extended until 17 November 2023.

All other terms of the Option Agreement remain the same as previously announced, and a further update will be provided in due course.

 

This announcement has been approved for release by the Board of Future Metals NL.

 

For further information, please contact:

Future Metals NL

+61 8 9480 0414

Jardee Kininmonth

info@future-metals.com.au

Strand Hanson Limited (Nominated Adviser)

+44 (0) 207 409 3494

James Harris/James Bellman


Panmure Gordon (UK) Limited (UK Broker)

John Prior/Hugh Rich/Rauf Munir

+44 (0)207 886 2500

FlowComms (UK IR/PR)

+44 (0) 789 167 7441

Sasha Sethi



 

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