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BRIEF-Austsino Resources Group Says WAPRC Confirms Conditions In Agreement Will Not Be Satisfied Before 30 June

Published 03/06/2020, 09:41 am
Updated 03/06/2020, 09:48 am
© Reuters.
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June 3 (Reuters) - Austsino Resources Group Ltd ANS.AX :

* ENTERED PLACEMENT AGREEMENT WITH WESTERN AUSTRALIAN PORT RAIL CONSTRUCTION (SHANGHAI)

* WAPRC WILL SUBSCRIBE FOR ABOUT 7.69 BILLION FULLY PAID ORDINARY SHARES AT $0.013 PER SHARE

* EFFORTS TO PROGRESS WAPRC TRANSACTION & COMPLETE ACQUISITION OF STAKE IN SUNDANCE RESOURCES IMPEDED BY OF COVID-19

* WAPRC CONFIRMED CONDITIONS PRECEDENT IN WAPRC AGREEMENT WITH AUSTSINO WILL NOT BE SATISFIED BEFORE 30 JUNE

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