EUR 3.77% 5.1¢ european lithium limited

”In order to complete the Transaction, the Company has waived...

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    ”In order to complete the Transaction, the Company has waived the requirement of there being no lessthan US$40 million (before transaction expenses) in Sizzle’s trust account at closing. At closing, thebalance in the Sizzle’s trust account, together with amounts from the PIPE Financing prior to the paymentof transaction expenses, was US$10,895,449.”

    $11million in the trust account INCLUDING the PIPE investment? A far cry from the $160M there at the start.

    So in other words, in essence, EUR sold 17% of their project for US$11M (which values the project at US$65 million) - then they list on Nasdaq issuing shares to themselves that they now can legally claim are worth AUD$1.3 billion valuation.

    Wow..that’s some kind of evil genius. Let’s see how the market buys it.
 
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Last
5.1¢
Change
-0.002(3.77%)
Mkt cap ! $71.30M
Open High Low Value Volume
5.3¢ 5.5¢ 5.1¢ $51.73K 975.4K

Buyers (Bids)

No. Vol. Price($)
5 1155385 5.1¢
 

Sellers (Offers)

Price($) Vol. No.
5.4¢ 257307 2
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Last trade - 15.59pm 21/06/2024 (20 minute delay) ?
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