Volt Resources Ltd s (ASX:VRC) (FRA:R8L) Trevor Matthews tells Proactive s Andrew Scott they ve executed a term sheet with European investment company,.
Volt Resources completes due diligence and will complete European graphite acquisition to become producer
The acquisition of a controlling 70% interest in the ZG Group will immediately transform the company from a graphite explorer and developer into one of the few ASX-listed graphite producers. The transaction is now unconditional and will be completed within 10 business days.
Volt Resources Ltd (ASX:VRC) (FRA:R8L) has completed due diligence for the acquisition of a 70% interest in the Zavalievsky group of companies (ZG Group) and following formal notification to the existing shareholders later today, the transaction will become unconditional.
This acquisition will result in the transformation of Volt into a graphite producer from ZG Group s operations in Ukraine.