Ann: LITs LieNA(R) recovery process approaching commercialisation, page-8

  1. 3,192 Posts.
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    AG has spruiked LieNa for the past 5 years and it is still to get past the pilot stage.

    What we have here is a capital raise with a difference.

    1. the sale of shares in LIT @8cents. a discount of 33% on todays price raising $250,000.00

    2. Sale of $400,000 .00 worth of shares valued at 125% of 30 day VWAP.

    3. Sale of Rights to LieNa for Europe for 2% royalty on gross sales..

    that paragraph 3 is the carrot to tempt the lender even though the share sale is generous.
 
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