| Satisfaction of Performance Milestones at Baobab Phosphate Project | |
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7 October 2016
SATISFACTION OF PERFORMANCE MILESTONES AT BAOBAB PHOSPHATE PROJECT
Avenira Limited ('Avenira') advises that following the ASX announcement on 3 October 2016 the Board has determined that all the operational performance conditions attached to the Tranche 1 2015 Performance Rights have been satisfied.
The Company notes one market based performance condition remains outstanding. The Board expect the market performance condition will be satisfied in the coming weeks.
If the market performance condition is satisfied 6,900,000 Performance Rights will vest and automatically convert into an equal number of ordinary shares and an Appendix 3B will be lodged with the ASX.
Cliff Lawrenson Managing Director
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Avenira Limited
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Avenira LTD is based in Australia. Avenira LTD is listed in Australia. Its market capitalisation is AU$ 5.7 millions as of today (US$ 3.7 millions, € 3.5 millions). Its stock quote reached its highest recent level on February 11, 2011 at AU$ 0.71, and its lowest recent point on July 26, 2024 at AU$ 0.00. Avenira LTD has 571 849 984 shares outstanding. |