Ann: Strategic Collaboration with Cornish Lithium Ltd, page-16

In recognition of the collaboration to pioneer Lepidico’s technologies on zinnwaldite and polylithionite mineralisations several one-off special terms were included in the licence; including, up to a 15 year royalty holiday, a concessionary royalty rate of 1.5% of gross revenue from all chemical conversion plant products and geographic exclusivity over the St Austell granite. The consideration for the licence and technology data package was C$4 million. In addition, Lepidico will issue CLL 100 million options to acquire fully paid ordinary shares with a two year expiry and a strike price of A$0.016, a 100% premium to Lepidico’s last closing price.


WTF......I thought we were told no dilution to pay off the debt......
NO royalties for 15 years.!!!!!

This is a wolf in sheeps clothing if you ask me, dilution sugar coated to pay off the debt.
Exctly what we were told wouldnt happen.

What exactly are we getting here;
Debt paid off,
Another 100M shares issued,
No Royalties for 15 years.

Unless Im missing something, what exactly are we getting here.