Revision to Morrocota Gold Mine Acquisition Terms
Morrocota Gold Mine acquisition consideration reduced to £115,885 via share issuance at £0.0000288 per share.
- Revised acquisition consideration £115,885
- Previous acquisition consideration £124,557
- New ordinary shares to be issued 4,030,779,249
- Share price for consideration £0.0000288 per share
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Further to the RNS announcements dated 6 December 2024 and 16 December 2024, Nativo Resources plc (LON:NTVO), which has interests in gold mines in Peru, announces certain modifications to the terms of the Company's agreement to acquire the Morrocota Gold Mine.
The consideration for the acquisition will now be approximately £115,885 (instead of the previously announced £124,557), satisfied by the issue and allotment on Completion (expected in March 2025), of 4,030,779,249 new ordinary shares in the Company at a price of £0.0000288 per share.
All other terms remain unchanged.
The investment in Nativo by the Vendors by way of a share subscription as announced on 6 December 2024 will also be made at Completion.
Application for admission of the Consideration Shares and Subscription Shares to trading on AIM will be announced and made on Completion.
Unless otherwise defined, capitalised terms in this announcement shall have the same meaning as in the 6 December 2024 announcement.
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