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Variscan Mines Limited (ASX:VAR)
ALERT: Price-sensitive ASX Announcement for VAR
Current share price for VAR : $0.004 0 (0%)+
Announcement
Release
2 Jul 2026 11:07AM
Price at Release
$0.004
Full Release
Summary
Variscan Mines Limited announced the termination of its Term Sheet with BMEx Pty Ltd and other parties concerning a proposed earn-in and joint venture involving Irish zinc exploration assets. The termination occurred because the conditions required for the Earn-In and Joint Venture Agreement were not met by the specified date, resulting in Variscan having no further rights or obligations regarding the transaction.
Key Points
- Termination of the BMEx Term Sheet by Variscan Mines Limited announced.
- Conditions precedent to the entry into the Earn-In and Joint Venture Agreement under the Term Sheet were not satisfied.
- Written notice received to terminate the agreement, ending all related rights or obligations for Variscan.
- Termination relates to a proposed joint venture involving BMEx Pty Ltd's Irish zinc exploration assets.
- Variscan has no ongoing obligations concerning the originally proposed transaction.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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