Under the regards to the Acquisition Agreements, upon fulfillment of different conditions precedent, the Business would get:
a. an 80% interest in the Apollo Lithium Task, Adina South Task, Adina West Task and Margot Lake Task (together, the Canadian Lithium Projects); and
b. an 80% interest in the Voyager Task and a 100% interest in the Lefroy Task (together, the Australian Jobs), (jointly, the Proposed Acquisitions).
The Proposed Acquisitions would total up to a substantial modification to the nature and scale of the Business’s activities and as such, the Business was needed to acquire investor approval under ASX Listing Guideline 11.1.2 at a basic conference and re-comply with Chapters 1 and 2 of the ASX Listing Rules in accordance with ASX Listing Guideline 11.1.3 (Re-compliance).
On conclusion of the Deal (Conclusion), the Business will be renewed as a varied explorer and designer with a concentrate on lithium and uncommon earths. In line with this brand-new instructions, the Business looked for investor approval to alter its name to ‘ Lithium Universe Limited’.
To help the Business to re-comply with Chapters 1 and 2 of the ASX Listing Rules, the Business prepared, based on acquiring investor approval, to carry out a public deal of shares under a complete type prospectus (Prospectus) for the concern of as much as 225,000,000 totally paid common shares in the capital of the Business (Shares) at a problem cost of $0.02 per Share to raise as much as $4,500,000 (Public Deal). The general public Deal will be carried out on a post-Consolidation basis.
* To see The complete report, please see:
https://abnnewswire.net/lnk/SOX1FAS0
About Lithium Universe Ltd:
Lithium Universe Ltd ( ASX: LU7), headed by market path sports jacket, Iggy Tan, and the Lithium Galaxy group has a tested performance history of fast-tracking lithium jobs, shown by the effective advancement of the Mt Cattlin spodumene task for Galaxy Resources Limited.
Rather of checking out for the sake of expedition, Lithium Universe‘s objective is to rapidly acquire a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike lots of other Lithium expedition business, Lithium Universe has the vital knowledge and abilities to establish and build successful jobs.
Source:
Lithium Universe Ltd
Contact:
Alex Hanly
President
Lithium Universe Restricted
Tel: +61Â 448Â 418Â 725
Email: [email protected]
Iggy Tan
Chairman
Lithium Universe Restricted
Email: [email protected]
.