Ann: Cancellation of Options, page-10

First 10 Last

Share
Profile

Follow
Snappyt

107 Posts.

14

25/05/25

03:26

Post #: 79177731
Share

Originally posted by Gartenfan: ↑

Maybe it has something to do with the fact that they have agreed not to sell the approx. 80 percent shares of Critical Metals for 180 days ....because otherwise the share price would plummet even further ....under 1 dollar.

02.05.25
https://criticalmetalscorp.gcs-web.com/news-events/news-releases

xxxxxxxx
Issuance of Shares to Rimbal in Connection with Tanbreez Acquisition
Critical Metals Corp recently issued 5,000,000 ordinary shares to Rimbal Pty Ltd. (“Rimbal”) pursuant the make-whole provision contained in Section 8
of the Amended and Restated Heads of Agreement, dated as of July 19, 2024 (the “Heads of Agreement”), between Critical Metals Corp and Rimbal,
which is the agreement that sets forth the terms by which Critical Met
als Corp will acquire the Tanbreez project. The Heads of Agreement was
originally filed with the SEC on a Form 6-K filed on July 25, 2024. The shares are subject to customary registration rights in favor of Rimbal.
The issuance of the shares described above does not affect Critical Metals Corp’s ability to acquire an additional 50.5% equity interest in Tanbreez
under the Heads of Agreement. Under the terms of the Heads of Agreement, once Critical Metals Corp invests $10 million in exploration expense in
Tanbreez prior to the end of 2025, it will have the option to acquire the additional 50.5% equity interest, which would bring Critical Metal Corp’s
aggregate ownership in Tanbreez to 92.5% at such time, by issuing additional ordinary shares to Rimbal having a value equal to $116 million at such
time.
Open Market Lockup Agreement with Major Shareholders
Critical Metals Corp has also recently signed an agreement with its two largest shareholders, European Lithium Limited (“European Lithium”) and
Rimbal, pursuant to which the two shareholders have agreed not to sell their shares for 180 days in ordinary brokerage or open-market transactions on
Nasdaq. The lockup agreement does not prohibit pledges, gifts or other transfers of shares, or sales by either shareholder in block trades or similar
privately negotiated transactions. Combined, European Lithium and Rimbal own approximately 81% of the issued capital of the Company as of May 1,
2025.
“This binding agreement further demonstrates the confidence that our two largest shareholders have in Critical Metals Corp and the long-term value
we expect to unlock,” continued Mr. Sage.

Expand

How come eur never announced this 180 day on asx ... or did I miss it? Surely it would have to be announced on asx as well?

EUR Price at posting: 5.2¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

4DS

4DS Memory tanks as microchip tech tests fail to produce result

NUZ

This stock is crafting a cure for Huntington's – and it's making progress

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

THL

Today's top gainer stock isn't an energy player. Here's what's going on

First 10 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 4.4¢		Change 0.000(0.00%)		Mkt cap ! $63.58M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	68500	4.5¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	13831	24

View Market Depth

No.	Vol.	Price($)
2	68500	0.045
1	12110	0.044
2	70458	0.043
3	400317	0.041
3	36000	0.040

Price($)	Vol.	No.
0.040	13831	24
0.043	25000	1
0.044	90691	1
0.045	5000	1
0.047	600000	2

Last trade - 13.37pm 16/06/2025 (20 minute delay)

EUR (ASX) Chart

Day chart unavailable

Ann: Cancellation of Options, page-10

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

4DS Memory tanks as microchip tech tests fail to produce result

This stock is crafting a cure for Huntington's – and it's making progress

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

Today's top gainer stock isn't an energy player. Here's what's going on

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Cancellation of Options, page-10

Top Stories

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

4DS Memory tanks as microchip tech tests fail to produce result

This stock is crafting a cure for Huntington's – and it's making progress

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

Today's top gainer stock isn't an energy player. Here's what's going on

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News