Ausmex Mining Group Ltd (ASX:AMG) and Jin Resources Limited (HK) have agreed to extend the settlement and completion date of the Gilded Rose Gold Project sale in Queensland by one week.
The date has been postponed to Friday, December 13, from December 6.
The terms of the sale and purchase agreement entered into between the parties are:
- The sum of $2,400,000 is to be paid on completion, with completion to take place on or before December 13, 2019, in lieu of December 6, 2019;
- The sum of $500,000 shall be paid to Ausmex 12 months from December 6, 2019; and
- $1,000,000 shall be paid to Ausmex on the production of 10,000 ounces of gold.
The Parties are working swiftly to a successful conclusion of the Transaction.
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