On 23 May 2023, Tyranna Resources Limited (ASX: TYX) announces that they had successfully received Ministerial Approval from the Angolan Government, a crucial step for the transfer of the Namibe Project and the completion of the agreement with Sinomine Investment. Meeting this Condition Precedent is a significant achievement for the company, as it has diligently worked towards satisfying all the necessary requirements.
Additionally, the milestones for the 350,000,000 Class A and 350,000,000 Class B Performance Shares have been successfully reached. As a result, these Performance Shares will be converted into 700,000,000 fully paid ordinary shares. Following the registration of the license transfer, Tyranna will release 595,000,000 fully paid ordinary shares from voluntary escrow and remove the exercise restrictions on 350,000,000 unlisted options, which can be exercised at AU$0.01 per share on or before 30 June 2025.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
