Avenira (ASX:AEV) agreed on the annual payment of 70 million ordinary shares to the Arruwurra Aboriginal and Awwawurra Pty, to be issued on or before July 30, as part of an annual payment, according to a Friday filing with the Australian bourse.
The Australian battery cathode and fertilizer company's balance of AU$152,000 will be paid in cash in October, the filing said.
The payment relates to the company's Yellow Phosphorous project, per the filing.
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