LPM lithium plus minerals ltd.

To me, this announcement is very clear and very...

  1. 1,648 Posts.
    lightbulb Created with Sketch. 463
    To me, this announcement is very clear and very strategic.

    Moonlight Resources has been founded (100% owned by us, LPM holders) by

    Taking away Moonlight Project
    $100,000 (payout to Uranium and REE sellers)
    500,000 Ordinary LPM shares (escrowed 12 months) to sellers plus 500,000 options at 30c, 3 years
    holding 17m shares, 50% interest
    the remaining 17m shares, 50% held by the sellers
    99% of Any lithium found and mined at Moonlight project

    The new ASX company (LPM subsidiary) will be lead by

    3 directors (most likely Bin, Simon + 1) from LPM
    2 directors (one each from sellers)


    Read it repeatedly right to the end, If you're not clear enough.

    Instead of making wasteful guesses..
    Last edited by trade2rich: 14/08/24
 
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