Ann: Sayona Acquiring Moblan Project to Boost Quebec Lithium Base, page-80

An theoretically without anything else considered , they could have anywhere upwards of $58 million leftover post acquisition. But what if the ' Private Capital Funding ' is announced for Sayona's share of the US$86.5 million ( or approximately A $118.5 million x 75% = A$88.88 million - LUCKY 8's ... ) .....and the A$115 million raise at .145 goes through as the ' Development Capital ' . That would mean that Sayona would be sitting on the FULL approximate $150 million of working capital PLUS only A$88.88 million of debt.

So this option or scenario to me sounds more like the type of capital being required and necessary here. But who knows. Even with the estimated $58 million , this would be enough to get us started and before we ink a deal with the ' Private Capital ' funding partner(s) ....whoever that ends up being. But i note that BOTH Desjardins Capital ( part of the largest Financial Institution in Quebec ) , Jett ( who have been along for the entire journey with BOTH SYA and AJM ) , and Canaccord BOTH here and abroad who have also been part of this ' Quorum ' of sorts who have been involved in some way or another in the last 3 significant raises.

I note also for Interest that Canaccord over here is also equivalent to Paterson's who they bought out back in October 2019. Not that that is any claim to fame as everyone who's been around the traps knows the previous Pato's reputation......