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Ann: CRL and International Graphite to create integrated business, page-3

  1. bond00what
    2,177 Posts.
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    27/10/21
    09:45
    Post #: 57101895
    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.
    CRL Price at posting: 2.7¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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