LCL Resources (ASX:LCL) Removes Conditions in Sale of Colombian Assets
LCL Resources (ASX:LCL) has made significant progress in its sale agreement with Tiger Gold Corp by removing key conditions in the transaction.
Transaction Update
The company has satisfied the requirement for Tiger Gold Corp to receive a legal opinion on the validity of the mineral claims. Additionally, LCL has waived the need to provide audited financial statements for its Colombian subsidiaries for the year ended December 31, 2024. However, LCL is still committed to delivering these audited statements to Tiger Gold Corp by late February or early March 2025.
Shareholder Approval
A shareholder meeting is scheduled for Monday, 17 February 2025, where shareholders will vote to approve the transaction as outlined in the Notice of Meeting. Approval of the transaction will enable LCL to meet the final condition for Tiger Gold Corp’s initial payment of AUD$1,000,000.
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