(TheNewswire)
23 December 2021 (Australia) – TheNewswire - Jervois Global Limited(“ Jervois ” or the “ Company ”) (ASX:JRV) (TSXV:JRV) (OTC:JRVMF)advises it is extending the closing date for the acquisition of theSão Miguel Paulista (“ SMP ”) nickel cobalt refinery in São Paulo,Brazil.
Jervois has agreed with Companhia Brasileira deAlumínio (“ CBA ”) (a publicly listed aluminium company majority owned byVotorantim SA) to extend the outside date of closing of Jervois’acquisition of SMP by one month, from 31 March 2022 to 30 April 2022.
The closing date extension is to accommodate CBA’srenewal of the São Paulo City Hall operating permit for SMP, which isno longer expected to be received by the end of the 2021 calendaryear.
Jervois will continue to hold a lease over SMP,providing it with the access it requires to complete the AusencoLimited (“ Ausenco ”) led bankable feasibility study fora restart of SMP. However, Jervois will no longer pay CBA the R$1.5million monthly lease charge from 1 January 2022 through to theexpected closing of Jervois’ acquisition of SMP.
Jervois’ early termination option under thetransaction sale and purchase agreement (the “ Purchase Agreement ”) will also be extended by one month, to 31 January2022.
Jervois does not expect to further update the market onthe exact timing of SMP’s closing, other than to confirm either thatclosing has occurred or that the Purchase Agreement has beenterminated or expired.
On behalf of Jervois Global Limited,
Bryce Crocker, Chief Executive Officer
For further information, please contact:
Investors and analysts: James May Chief Financial Officer Jervois Global | Media: Nathan Ryan NWR Communications nathan.ryan@nwrcommunications.com.au Mob: +61 420 582 887 |
Forward-LookingStatements
This news release may containcertain “Forward-Looking Statements” within the meaning of theUnited States Private Securities Litigation Reform Act of 1995 andapplicable Canadian securities laws. When used in this news release,the words “anticipate”, “believe”, “estimate”,“expect”, “target, “plan”, “forecast”, “may”,“schedule”, “expected” and other similar words or expressionsidentify forward-looking statements or information. Theseforward-looking statements or information may relate to theacquisition of SMP refinery and certain other factors or information.Such statements represent Jervois’ current views with respect tofuture events and are necessarily based upon a number of assumptionsand estimates that, while considered reasonable by Jervois, areinherently subject to significant business, economic, competitive,political and social risks, contingencies and uncertainties. Manyfactors, both known and unknown, could cause results, performance orachievements to be materially different from the results, performanceor achievements that are or may be expressed or implied by suchforward-looking statements. Jervois does not intend, and does notassume any obligation, to update these forward-looking statements orinformation to reflect changes in assumptions or changes incircumstances or any other events affections such statements andinformation other than as required by applicable laws, rules andregulations.
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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