No.
CXO didn't spend any cash, but issued CXO shares of approx. $500K valuation to LIT for 10% of the entire CHR share register - all projects.
They then have the right (assuming CHR do not take their pre-emptive right) to take 30% of Bynoe for a further cash consideration of $500K.
Thereby valuing Bynoe project itself, at around $1.5M.
I guess CHR will be looking hard for Niobium to keep the SP elevated. If they have success and rocket, that's cool too as CXO will make money having paid around 7 cents per CHR share (based on CXO current SP) for their 10% holding.
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No.CXO didn't spend any cash, but issued CXO shares of approx....
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Open | High | Low | Value | Volume |
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3 | 99156 | 0.085 |
2 | 21904 | 0.084 |
1 | 88888 | 0.083 |
1 | 12195 | 0.082 |
Price($) | Vol. | No. |
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0.090 | 77770 | 1 |
0.092 | 89559 | 1 |
0.096 | 52616 | 1 |
0.097 | 33995 | 1 |
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