Cobra Mining Pty Ltd cancelled the acquisition of Navigator Bronzewing Pty Ltd from Navigator Resources Limited.
Cobra Mining Pty Ltd cancelled the acquisition of Navigator Bronzewing Pty Ltd from Navigator Resources Limited on January 2, 2014. Pursuant to the terms of the agreement, Cobra was granted an exclusivity period of 30 days. Cobra was ultimately unable to satisfy the conditions precedent required and subsequently withdrew from agreement. Accordingly, the nonrefundable deposit paid by Cobra was forfeited and will not be repaid by the deed administrator.