looks like divesting the asset, in exchange for equity
CRL to gain 40,000,000 Shares in International Graphite at IPO (about 25%) and have a board member appointed to the new IPO entity
IG will own the asset (springdale)
The IPO values springdale at $8m, and will seek to raise a further 6-8mil on listing.
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Ann: CRL and International Graphite to create integrated business, page-3
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