Peak Hill Vendors’ Voluntary Lock In
Forgent plc announced that the two principal vendors of the Peak Hill Gold-Copper Project have entered into a three-month voluntary lock-in agreement concerning 7,046,902,101 Forgent shares to be issued to them following the acquisition of the remaining 48% interest in the project. This agreement prevents the vendors from selling or transferring these shares for the specified period without the company's consent, which could impact the immediate availability of shares on the market.
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Forgent plc (AIM: FORG), the Australian-focused critical and precious minerals explorer, is pleased to announce that the two principal vendors of the Peak Hill Gold-Copper Project in Western Australia (“Peak Hill”) have entered into a three-month voluntary lock-in agreement with the Company in respect of Forgent shares to be issued to them in connection with the Company’s recent acquisition of the remaining 48% interest in Peak Hill.
Under the agreement, the two vendors have undertaken not to sell, transfer or otherwise dispose of their relevant shares, which will comprise, in aggregate, 7,046,902,101 shares following admission of the new shares to be issued in connection with the increase in the Company’s interest in Peak Hill, during the three-month lock-in period without the prior written consent of the Company.
For further information on Forgent plc, visit the Company’s website www.forgentplc.com or contact:
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