LRL Terminates Labyrinth Gold Project Sale AgreementSale and Purchase Agreement • May 16th, 2024
Contract Type FiledMay 16th, 2024Labyrinth Resources Limited (ASX: LRL) (“Labyrinth” or “Company”) has exercised its termination right under the Sale and Purchase Agreement (“SPA”) for its Labyrinth Gold Project in Canada (first announced on 8 January 2024) on the basis that Gold Projects WA Pty Ltd (“GPWA”) (Purchaser) has failed to comply with its obligations. Notice of termination has been provided to GPWA and International Precious Metals Refiners LLC (Purchaser Guarantor) and will take effect on Friday, 17 May 2024.