Reduction In Deferred Consideration Relating To Titiribi Project Acquisition

Ascot ResourcesUncategorised

KEY HIGHLIGHTS

  • Ascot has reached agreement to significantly reduce the deferred consideration potentially payable as part of acquisition of Titiribi Coal Project by 38.8M shares
  •  Consideration Milestone 4, relating to delineation of 20Mt JORC-compliant Measured Mineral Resource, has been waived
  • Ascot’s Executive Chairman and Chief Executive Officer has also agreed to waive ExecutiveIncentives linked to same vesting criteria

pdf-34
Reduction In Deferred Consideration Relating To Titiribi Project Acquisition