Le 8 janvier 2025, AVZ a publié une annonce déclarant la conclusion d'un accord avec CATH chinois, dont voici les principales informations :
www.7sur7.cd
Perhaps already posted?
China's AVZ and CATH Sign Agreement to Receive $20 Million in Arbitration Funds Against DRC
Monday, January 20, 2025 - 8:39pm
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On January 8, 2025, AVZ issued an announcement declaring the conclusion of an agreement with Chinese CATH, the main information of which is as follows:
CATH will provide AVZ with $20 million in funding, of which $10 million will be drawn before the end of January 2025.
These fees will allow AVZ to continue to commence international arbitrations. According to publicly available information, the arbitration initiated by AVZ against the DRC at ICSID in Washington had already been suspended due to AVZ's non-payment of costs; the arbitration initiated against Cominiere at the ICC in Paris had also been suspended due to the non-payment by AVZ.
But all that is different today, because AVZ received financial support from CATH Chies and the international arbitration fees were paid immediately on January 9.
CATH will pay $259.25 million to AVZ for a 30.5% interest in the Manono project;
This is even more surprising: the CAMI website shows that the ownership of the Manono Project belongs to Cominiere, so how could AVZ sell a 30.5% stake in the "Manono Project"?
According to AVZ's announcement, CATH will indirectly acquire AVZ's 30.5% stake in Dathcom by acquiring the shares of Green Lithium, a wholly-owned subsidiary of AVZ, which was sued by Cominiere in 2022 for creating a fake RCCM and unilaterally stating that it owned 75% of Dathcom.
AVZ's repeated references to the "right of first refusal" have been repeatedly violated by AVZ itself, and it is not surprising that such a company is being delisted from the ASX.
More importantly, when AVZ sold China's CATH, it acquired 30.5% of the shares for $259.25 million, or $8.5 million per share. However, AVZ had only $15 million, or $1 million per share, when it offered to buy 15% of the shares from Cominiere.
It is clear that AVZ will fight to the end against the DRC.