.I just received a notice of extraordinary meeting .. it contained this:
2 – Summary of the material terms of the BTR Investment AgreementTermSummaryPartiesThe CompanyBTR New Material Group Co., Ltd.SubscriptionSubject to the satisfaction or waiver of the conditions precedent, BTR agrees to subscribe for 25,860,000 Shares at $0.14 per Share, which represents a 9.90% interest in Evolution on a post-issue basis.Conditions precedentWith BTR having completed due diligence on the Company to its satisfaction and obtained all necessary PRC governmental approvals, completion is conditional on the following conditions precedent being satisfied or waived on or before 15 March 2024a) the Company obtaining Shareholder approval for the issue of Shares to BTR pursuant to Listing Rule 7.1; and(b) no material adverse event having occurred in respect of the Company, or the cancellation or loss of mining rights for the Chilalo Project.
the extraordinary meeting is to get shareholder approval for the issued of shares to BTR ...
EV1 Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
a) the Company obtaining Shareholder approval for the issue of Shares to BTR pursuant to Listing Rule 7.1; and(b) no material adverse event having occurred in respect of the Company, or the cancellation or loss of mining rights for the Chilalo Project.
