Ricca Resources US$1M Settlement Finalised

Summary by AI BETAClose X

Firering Strategic Minerals plc has finalised a US$1 million settlement with Ricca Resources, resolving all outstanding debts and claims. Following this, Firering anticipates Ricca will distribute net proceeds from the sale of a subsidiary asset for A$4.4 million, approximately £2.2 million, subject to a potential A$332,000 adjustment. Firering holds a 10.6 percent stake in Ricca, which could impact its financial position.

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