ABTERRA (Company Registration No. 199903007C)
PROPOSED DISPOSAL OF 22.8% EQUITY INTEREST IN ZUOQUAN XINRUI METALLURGY MINE CO., LTD - EXTENSION OF COMPLETION DATE
The Board of Directors (the "Board") of Abterra Ltd. (the "Company") refers to the announcement by the Company on 30 June 2015 ("Announcement") in relation to the Disposal. Unless otherwise stated, capitalised terms used in this announcement shall have the same meaning as ascribed to them in the Announcement.
The Company has been informed by the Purchaser that due to unforeseen circumstances and logistical difficulties, the Purchaser is unable to attend to the completion of the Disposal. As such the Purchaser has requested for an extension of the completion date of the Disposal.
The Board wishes to announce that the Company has agreed with the Purchaser to extend the completion date for the Disposal by two (2) weeks to 14 August 2015 ("Extension"). Save for the Extension, all other terms and conditions of the SPA remain unchanged.
The Company will make further announcements as is necessary to update on developments on the
Proposed Acquisition.
BY ORDER OF THE BOARD
Lau Yu
Chief Executive Officer
1 August 2015
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