Trident Royalties Plc (AIM: TRR) has, this morning, announced the early payment of the second tranche of the consideration for the Koolyanobbing royalty in exchange for a A$350,000 (c. US$255,000) discount. As announced on 25th March 2020 and 3rd June 2020, Tranche 2 of the acquisition required Trident to pay A$3.0 million on 4th June 2021. Under the amended agreement, Trident will instead pay A$2.65 million (c. US$1.95 million) by 25th September 2020 which will satisfy the Tranche 2 obligati
21 Sep 2020
Discounted Early Payment of Koolyanobbing Acquisition Consideration
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Discounted Early Payment of Koolyanobbing Acquisition Consideration
Trident Royalties Plc (TRR:LON) | 33.8 0 0.0% | Mkt Cap: 98.9m
- Published:
21 Sep 2020 -
Author:
David Butler -
Pages:
3
Trident Royalties Plc (AIM: TRR) has, this morning, announced the early payment of the second tranche of the consideration for the Koolyanobbing royalty in exchange for a A$350,000 (c. US$255,000) discount. As announced on 25th March 2020 and 3rd June 2020, Tranche 2 of the acquisition required Trident to pay A$3.0 million on 4th June 2021. Under the amended agreement, Trident will instead pay A$2.65 million (c. US$1.95 million) by 25th September 2020 which will satisfy the Tranche 2 obligati