The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Investing

Amendments to Ukraine Transaction

by admin January 4, 2024
January 4, 2024
Amendments to Ukraine Transaction

European Lithium Limited (ASX: EUR, FRA:PF8, OTC: EULIF) (European Lithium or the Company) refers to the previously announced acquisition (refer EUR announcements on 4 November 2021 and 28February 2023) of European Lithium Ukraine LLC (formerly Petro Consulting LLC) (European Lithium Ukraine), a Ukraine incorporated company that is applying through either court proceedings, public auction, and/or production sharing agreements with the Ukraine Government for 20 years, special permits for extraction and production of lithium at the Dobra and Shevchenkivske Projects in Ukraine.

On 28 February 2023, EUR announced that the acquisition would be split between the projects, with completion occurring subject to, amongst other things, when each project was granted and (in the case of Dobra) exploration commenced.

The parties have further agreed to vary the transaction as follows:

1. Completion will occur immediately (at which time EUR will become the registered holder of all of the issued shares in European Lithium Ukraine).

2. The consideration for Dobra (previously announced on 28 February 2023) would be issued upon, amongst other things, grant and exploration commencing at Dobra. Of the consideration:

a. the issue of 7m EUR shares would not be subject to shareholder approval; and

b. the balance of up to 184,210,526 EUR shares and the performance rights would be subject to approval by EUR shareholders.

3. The consideration for Shevchenkivske would be issued upon, amongst other things, shareholder approval and grant of a licence for Shevchenkivske.

4. Consequential amendments to reflect completion occurring immediately with consideration only payable upon, amongst other things, the grant of licences and (in the case of Dobra) exploration commencing.

5. Consequential amendments to subscription agreement so that the third tranche (A5m) is conditional upon grant of the Dobra licence.

An appendix 3B reflecting the above accompanies this announcement.

This announcement has been approved for release on ASX by the Board of Directors.

Yours faithfully

European Lithium Limited

Click here for the full ASX Release

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Beyond Lithium
next post
Nickel Price 2023 Year-End Review

Related Posts

13 Canadian Crypto ETFs in 2025

April 25, 2025

First patient dosed in Phase IIb imaging for...

April 28, 2025

How to Invest in Rare Earths

May 3, 2024

Rio Silver completes Definitive Agreement for the sale...

May 2, 2025

Tech 5: TSMC, ASML Post Quarterly Results; Amazon,...

October 20, 2024

Pursuit Minerals

May 3, 2024

Drilling Confirms New High-Grade Gold Zone at Golden...

September 17, 2024

Nickel Price Update: Q1 2025 in Review

April 23, 2025

Top 5 Small-cap Biotech Stocks of 2025

April 2, 2025

PDAC Urges Long-term METC Extension Ahead of 2025...

April 3, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (1,402)
    • Investing (3,381)
    • Politics (4,562)
    • World (4,498)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 TheInvestmentWhisperer.com | All Rights Reserved