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BRIEF-Archer Exploration Says Condition For Sale of Sugarloaf Farm Land Satisfied

Published 08/02/2019, 09:51 am
Updated 08/02/2019, 10:00 am
© Reuters.  BRIEF-Archer Exploration Says Condition For Sale of Sugarloaf Farm Land Satisfied
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Feb 8 (Reuters) - Archer Exploration Ltd AXE.AX :

* CONDITION PRECEDENT TO SETTLEMENT UNDER CONTRACT FOR SALE OF SUGARLOAF FARM LAND HAS BEEN SATISFIED

* SETTLEMENT SCHEDULED TO OCCUR ON 1 JULY 2019 WITH CO TO RECEIVE TOTAL CASH CONSIDERATION OF $1.35 MILLION FOR SALE OF SUGARLOAF

* CO HAS REALISED $3.35 MILLION FROM SALE OF NON-CORE ASSETS IN FY 2018/19

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