@Kanems Not quite right. The division of 40% happens one step removed from the Li company FFX will be spinning out. Its all in the presentation the company made. Suggest you check it out.
The shares will be issued to FFX holders on a pro rata basis (in proportion to your current FFX holding). it will not be a 1:1 distribution as they want to reduce the SOI. But it will be proportionate to your current holding. FFX holders will take 80% of the shares in the new company and FFX will retain 20% from memory. This new company will hold 40 or 50% of the company that controls the lithium project. (Sorry don't recall if FFX is holding the % that Mali may opt to buy at market rate - if asked to guess I'd say they are. Again its in the presentation).
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@Kanems Not quite right. The division of 40% happens one step...
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