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BRIEF-Kidman Resources Announces Settlement of Mt Holland tenement matter

Published 10/12/2018, 10:47 am
Updated 10/12/2018, 10:50 am
© Reuters.  BRIEF-Kidman Resources Announces Settlement of Mt Holland tenement matter

© Reuters. BRIEF-Kidman Resources Announces Settlement of Mt Holland tenement matter

Dec 10 (Reuters) - Kidman Resources Ltd KDR.AX :

* EXECUTED DEED OF SETTLEMENT WITH OBJECTORS TO APPLICATIONS FOR EXEMPTION FROM MINIMUM EXPENDITURE OBLIGATIONS ON MT HOLLAND TENEMENTS

* CONCLUSION OF MATTERS WILL TRIGGER PAYMENT OF US$25 MILLION DIRECTLY TO KIDMAN AND US$60 MILLION TO COVALENT LITHIUM JV

* FURTHER TO FUNDING TERM SHEET KIDMAN, SQM ARE CONTINUING DISCUSSIONS ON AGREEMENTS FOR US$100 MILLION CAPITAL EXPENDITURE FACILITY

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