Thor Mining PLC (LON:THR, ASX:THR) said the proposed sale of its interest in USA Lithium to Hawkstone Mining Limited (ASX:HWK) has been delayed.
The meeting of Hawkstone shareholders to approve the acquisition has been deferred and is now scheduled for 28 June 2018.
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Discussions are currently taking place that will probably result in amendments to the acquisition agreement that will de-risk the purchase from the point of view of Hawkstone.
As the discussions have not yet been completed and bearing in mind that shareholders will need details of any changes to the deal that are agreed, Hawkstone has postponed the general meeting.
Shares in Thor Mining were unchanged on the news.