Ann: Pilbara Minerals Finalises Agreement with Mineral Resources,MIN-PLS.AX, page-3

PILBARA MINERALS FINALISES AGREEMENT WITH MINERAL RESOURCES
Pilbara Minerals Ltd (ASX: PLS) (“PLS” or “Company”) is pleased to advise that it has entered into a formal settlement deed to reflect the agreed terms reached with Mineral Resources Limited (ASX: MIN) (“MIN” or “Mineral Resources”) in its ASX announcement dated 25 October 2016.
In accordance with the agreed terms, the Company will issue 104,166,667 shares to Mineral Resources which will see the right of first refusal and 2.5% royalty in relation to lithium under the Pilgangoora Asset Sale Agreement and Royalty Deed permanently surrendered and relinquished.

The Company will issue the shares under its 15% capacity under ASX Listing Rule 7.1

The shares will be subject to the escrow restrictions agreed with Mineral Resources as reflected in the Company’s ASX announcement dated 25 October 2016. Attached is an Appendix 3B in relation to the proposed issue of shares to Mineral Resources.


Would expect a steady upswing from now on (in theory)