Elixir takes more time on Cliffs Head deal

Elixir said the pair had agreed to extend the due diligence period of the deal from 30 November until 18 December.

AWE reached a deal last month with Elixir to sell its 57.5% stake in Cliffs Head for an initial upfront payment of A$1 million (US$725,665).

Elixir said Monday an agreement had also been reached to extend the exclusivity period from 24 December to 29 January next year once Elixir pays a 10% non-refundable deposit.

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