Praemium (ASX:PPS) said Barry Lewin plans to retire as the Chair of its board with effect from the conclusion of the annual general meeting, currently scheduled for November, with Matthew Quinn appointed as a nonexecutive director and Chair-elect, according to a Monday Australian bourse filing.
Quinn will succeed Lewin as Chair at the conclusion of the meeting. Quinn previously served as Chief Executive of Stockland (ASX:SGP).
Canadian Phosphate (ASX:CP8) said it has signed a binding agreement to acquire the Diamond Mountain phosphate project in Utah, US, from Revival Gold and Utah Minerals Resources for total consideration of up to $3 million, according to a Monday Australian bourse filing.The total consideration includes upfront consideration of $1.5 million and deferred consideration of up to $1.5 million.The company said a foreign estimate reports 26.8 million tonnes of measured and indicated resources and 23.1 million tonnes of inferred resources, averaging 19.67% phosphorus pentoxide in a seam averaging 4.4 meters in thickness, adding that the estimate is not reported in accordance with the JORC Code.Following completion of the acquisition, the company intends to undertake a detailed technical review and validation of the foreign estimate, advance exploration and resource definition programs, and evaluate development pathways, it said.
Autosports Group (ASX:ASG) said it has agreed an amendment to its existing syndicated facility agreement, increasing the total limit by AU$85 million to AU$435 million and extending the maturity of facility 1 and facility 2 to four years from three, according to a Monday Australian bourse filing.The company said the increased limit is allocated as AU$335 million across facility 1 and facility 2, up from AU$250 million, with facility 3 remaining unchanged at AU$100 million, with financial close expected around mid-June.
Lendlease Group (ASX:LLC) agreed to sell its development rights to the Milano Santa Giulia mixed-use development in Italy to an investment group sponsored by local developer Bizzi & Partners for about AU$250 million, according to a Monday filing with the Australian bourse.The transaction also includes the acquisition of the company's units in the Heartbeat Fund for AU$90 million in cash and assuming project debt of AU$160 million, the filing said.The sale is anticipated to result in a post-tax operating loss of roughly AU$175 million, to be recognized within the capital release unit in fiscal year 2026, per the filing.