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On 27 March 2018, EMETALS announced that it had entered into a binding Term Sheet for the acquisition of 100% of the issued capital in RWG Minerals Pty Ltd (RWG) (ACN 601 019 112), held by GWR Group Limited (ACN 102 622 051) (Vendor).

A summary of the consideration for and conditions precedent to the Acquisition are set out in the announcement dated 27 March 2018.