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First Au Limited (FAU) has agreed to vary the terms of its proposed acquisition of 100% of the issued capital of PG Exploration, particularly the milestones for issuing shares and options.
The total number of shares and options that may be issued remains the same, with changes resulting from input from ASX on the transaction milestones.
ASX has granted FAU a waiver of ASX Listing Rule 7.3.4 to allow the issue of shares and options as consideration under the transaction upon satisfaction of relevant milestones within a specified timeframe.