LIT 1.92% 2.7¢ lithium australia limited

Ann: Lithium Australia to increase stake in Envirostream to 90%, page-4

  1. sqe
    6,939 Posts.
    lightbulb Created with Sketch. 3626
    So latest installment is $250k cash upfornt, and $250k cash deferred for 9 months (which defers the payment to post IPO)

    So the tally is this
    $500k cash + $100k shares for initial buy-in
    $100k cash 2nd buy-in
    $100k cash 3rd buy-in

    And then today
    $250k cash upfront
    $250k cash deferred

    Total $1.3M

    What is interesting is the $250k was not budgeted for in the quarterly. So the "required to pay" has not yet happened yet.

    https://hotcopper.com.au/data/attachments/1869/1869539-5481fc37dfda77355defc9a72baef66f.jpg

 
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