outback goldfields corp

Petratherm Limited Announces Filing of Early Warning Report Related to the Disposition of Common Shares of Outback Goldfields Corp.

Petratherm Limited (ASX: PTR) (“Petratherm”) announces that it has filed an early warning report (the “Report”) announcing that it has disposed of 33,333,333 common shares (the “Disposed Shares”) of Outback Goldfields Corp. (CSE:OZ) (formerly, Skarb Exploration Corp.) (“Outback Goldfields“). Petratherm acquired the Disposed Shares as consideration for the sale of its gold projects located in Victoria, Australia. Unless permitted under securities legislation, Petratherm must not trade the common shares before April 16, 2021. Following the expiry of this restriction period, Petratherm distributed all of the Disposed Shares in specie to its shareholders effective today. Following the disposition of the Disposed Shares, Petratherm holds nil shares of Outback Goldfields.

This press release is being issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bids and Insider Reporting Issues in connection with the filing of the Report by Petratherm.

For further details relating to the disposition, please see the Report, a copy of which is available on Outback Goldfield’s profile on SEDAR at www.sedar.com.

For more information, please contact:
Simon O’Loughlin, Director
Petratherm Limited
Tel: +61 8 8111 4000

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/81403

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Outback Announces Signing of Definitive Agreement

Outback Announces Signing of Definitive Agreement

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  /NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/  

 

  TSX.V: OZ  |  OTCQB: OZBKF |  FSE: S600  

 

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  TSX.V: OZ   |   OTCQB: OZBKF   |   FSE: S600  

 

Outback Goldfields Corp . (the " Company " or " Outback ") (TSXV: OZ) (OTCQB: OZBKF) is pleased to announce that it has entered into a letter of intent dated February 16, 2024 (the Letter of Intent ") with S2 Resources Ltd. (" S2 ") to acquire all of S2's highly prospective portfolio of gold projects in Finland (the " S2 Finnish Projects "), by way of an acquisition (the " Transaction ") of S2's wholly-owned Finnish subsidiary, Sakumpu Exploration Oy (the " S2 Subsidiary "). On March 1, 2024 Outback notified S2 that it was satisfied with the results of its due diligence investigation, and the parties are now committed to proceeding with the Transaction subject to the terms and conditions set out in the Letter of Intent. Depending on the price and size of the Offering (as defined below), the Transaction may constitute a "Reverse Takeover" of Outback in accordance with Policy 5.2 Changes of Business and Reverse Takeover s of the TSX Venture Exchange (the " TSXV ").

 

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