Ann: Merger & IPO Spin-Out of LEL and NVX Natural Graphite Assets, page-51

If this is the case OldeCrusty, then how will the pro rata rights be issued?

NVX have 488m (SOI taken from ASX)
LEL have 103m (SOI taken from ASX), looks as though the option conversion haven't been listed yet

so the LEL holders would or should have access to a greater pro rata rights conversion?

I noted that NVX was up ~ 10% yesterday & LEL up a similar amount today.

if you were buying to get into Axon, you'd prefer to hold LEL.....?

AIMO