TNG Limited (AU:TVN) has released an update.
Tivan Limited has made significant strides in its acquisition of the Speewah Project from King River Resources, with a recent payment of $1.6 million reducing their debt to $2.4 million, due by February 2025. The transformative deal involved a total consideration of $20 million, including both cash and shares, and is considered one of the most notable mergers and acquisitions in Australia’s critical minerals sector. Tivan’s Executive Chairman, Mr. Grant Wilson, affirms that the company is on a clear path to owning Speewah outright, marking a milestone in their financial and operational progress.
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