Appia Announces Closing of PCH Project Acquisition
Appia will acquire incremental vested interests in the Company upon completion of specific expenditure requirements pursuant to the terms of the Definitive Agreement.
- Appia will acquire incremental vested interests in the Company upon completion of specific expenditure requirements pursuant to the terms of the Definitive Agreement.
- Should Appia fail to make some or all of the expenditures required in any year, Beko will notify APPIA in writing of such failure, after which Appia will have 30 days to make the required expenditure.
- The PCH Project is located within the Tocantins Structural Province in the Brasília Fold Belt, more specifically, the Arenópolis Magmatic Arc.
- The PCH Project is 17,551.07 ha in size and located within the Goiás State of Brazil.