Ann: 2016 Annual General Meeting Presentation, page-8

A question at the AGM on this morning Marindi announcement would be good, WTF ? The MZN management have been on some good gear at a party this weekend:

Shareholder Update
Marindi Metals Ltd (Marindi) updates the market in
respect of two separate corporate matters and
acquisitions.
Pegmatite Mineral Rights Agreement between Kidman
Resources Limited (Kidman) and Marindi
On Friday, 11 November 2016 Marindi notified Kidman
that Marindi considers that it has a binding contractual
agreement with Kidman (which is to be formalised into a
Heads of Agreement) for the sale of rights to pegmatite
(Lithium Rights) to Marindi from the Kidman tenements
located in the emerging Forrestannia lithium belt. Marindi
has requested that Kidman progress now to formalise the
agreement (formed by exchanges of emails between the
respective companies in April 2016) into a Heads of
Agreement and then proceed to completion of the
purchase by Marindi of the Lithium rights.
The material terms of the agreement include:
• Marindi acquires the Lithium rights to the Mt
Holland Project subject to Kidman retaining a 2% Net
Smelter Return on all pegmatite minerals and rights to all
other minerals within the relevant tenements;
• Marindi in exchange pay Kidman $100,000 cash and
issue $175,000 worth of Marindi shares at a 7 day VWAP,
such shares to be held on voluntary escrow for a period of
12 months from the date of issue;
• the key terms agreed between the parties be
recorded in a Heads of Agreement