Ann: Askari Satisfies Conditions Precedent to Huayou Investment, page-7

HIGHLIGHTS
- Important milestone achieved in satisfying conditions precedent pursuant to a binding Strategic Investment Agreement (Agreement) with Huayou International Resources (Huayou)

- Zhejiang Huayou Cobalt Co., Ltd, the ultimate holding company of Huayou is a tier-1 global lithium battery and cobalt materials supplier listed on the Shanghai Stock Exchange (China) with market cap of approximately A$18 billion

- Pursuant to the Agreement, Huayou will subscribe for 4,500,000 shares at an issue price of $0.55 per share for a total investment of ~A$2.5 million

- Huayou to receive one free attaching AS2O listed option for every three shares subscribed

- Funds raised will accelerate continued exploration at the Uis Lithium Project, Namibia


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Impressive

55c a share to be in escrow for 12 months
Drill results due
They sound like they are positioning to help out if drill bit goes well.