Labyrinth Gold Project Sale

Labyrinth Resources Limited (ASX: LRL) (‘Labyrinth’ or ‘the Company’) refers to the ASX announcement dated February 16, 2024 regarding the sale of the Labyrinth and Denain Projects for USD$3.5M cash (also see ASX releases dated February 2, 2024 and January 8, 2024 for details of agreement).

Under the terms of the Sale and Purchase Agreement (‘SPA’) with Gold Projects WA Pty Ltd (‘GPWA’), the rescheduled settlement date was February 29, 2024.

Labyrinth advises that the parties to the Agreement are still completing the final elements of the key conditions of the SPA and the associated legal documentation. This documentation is almost complete, and the parties have agreed to further extend the settlement date to March 29, 2024 to allow this process to be finalised.

Click here for the full ASX Release

This article includes content from Labyrinth Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.