(TheNewswire)
4 August 2021 – TheNewswire - Jervois Mining Limited (“ Jervois ” or the“ Company ”) (ASX:JRV) (TSXV:JRV) (OTC:JRVMF) discloses the followinghistorical statutory financial information for the Freeport Cobaltbusiness in accordance with TSX-Venture Exchange requirements. Jervois announced its intention to acquire Freeport Cobalt in newsrelease dated 27 July 2021.
Information from Audited FinancialStatements (1) | 31 December 2020 US |
Revenue (year ended 31 December 2020) | 209 |
Net Income (after tax) (year ended 31 December2020) | 11 |
Total Assets (at 31 December 2020) | 141 |
Total Liabilities (at 31 December 2020) (2) | 51 |
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(1) Historical information is fromthe audited financial statements for Koboltti Chemicals Holdings Ltd(“ KCHL” ) for the year ended 31 December 2020 and are prepared inaccordance with US GAAP. KCHL is the parent company of FreeportCobalt Oy and four affiliated entities (the entities that Jervoisproposes to acquire). The consolidated KCHL financial statementsalso include balances that relate only to the activity of the KCHLparent entity (which Jervois is not acquiring).
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(2) Total liabilities includerelated party loans that will not be acquired by Jervois.
Jervois confirms that this news release does notconstitute material additional information.
On behalf of Jervois Mining Limited
Alwyn Davey, Company Secretary.
For further information, please contact:
Investors and analysts: James May Chief Financial Officer Jervois jmay@jervoismining.com.au | Media: Nathan Ryan NWR Communications nathan.ryan@nwrcommunications.com.au Mob: +61 420 582 887 |
IMPORTANTINFORMATION
The provision of this news releaseis not, and should not be considered as, investment or financialproduct advice. The information in this news release is generalinformation only, and does not take into account your individualobjectives, taxation position, financial situation or needs. If youare unsure of your position, please contact your accountant, taxadvisor, stockbroker or other professional advisor.
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in policies ofthe TSX Venture Exchange) accepts responsibility for the adequacy oraccuracy of this release.
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