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Why Did Alvo Minerals Walk Away From Lavra Velha Gold Deal?
1:48am on Monday 2nd of June, 2025 AEST
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Why Did Alvo Minerals Walk Away From Lavra Velha Gold Deal?
1:48am on Monday 2nd of June, 2025 AEST
Key Points
Termination of Lavra Velha Gold Project acquisition due to unsatisfactory due diligence
Cancellation of $2.93 million entitlement offer with full refunds to applicants
Launch of new accelerated entitlement offer at 60% discount to raise $1.6 million
Focus remains on existing Brazilian projects including copper, gold, and rare earth elements
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ALVO MINERALS (ASX:ALV)
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