EUR 1.59% 3.1¢ european lithium limited

Ann: Binding Lithium Offtake Agreement Executed with BMW, page-270

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  1. 439 Posts.
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    EUR shareholders will own 80% of Critical Metals Corp, if there are no redemptions (these are Sizzle shareholders opting out of the deal). If... for example....25% of the Sizzle shareholders opted out of the deal ....then the deal would receive 25% less cash (Approx 120M down from 160M).... and then therefore own only 15% of Critical Metals Corp... and EUR would then own the remaining 85%.

    So as you can see, even if there are significant redemptions.... as long as not too many to stop the deal going ahead.... EUR comes out of deal quite well. (Say for arguments sake there were 50% redemptions, EUR then only gets 80M cash, but then retains 90% of CMC.

    Hope this make senses. You can see that even worst case scenario if deal still goes ahead albeit high redemptions...they still end up with a good chunk of cash...and a NASDAQ listing.....
 
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