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BRIEF-Tao Commodities Exercises Option To Proceed With Acquisition Of Dso Mining

Published 14/11/2019, 01:07 pm
© Reuters.  BRIEF-Tao Commodities Exercises Option To Proceed With Acquisition Of Dso Mining
IPX
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Nov 14 (Reuters) - Tao Commodities Ltd TAO.AX :

* COMPLETED DUE DILIGENCE INTO

DSO MINING PTY LTD & HAS EXERCISED THE OPTION TO PROCEED WITH ACQUISITION OF DSO MINING

* AGREED

TO EXTEND THE

SUNSET

DATE FOR COMPLETION

OF THE ACQUISITION FROM 30 DECEMBER 2019

TO 24 JANUARY

* ACQUISITION CONDITIONAL ON TAO COMPLETING A A$2.5 MILLION EQUITY ISSUE VIA PLACEMENT OF UP TO 20.8 MILLION SHARES AT $0.12 EACH

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