Pursuant to the MoU, Firefinch will transfer its shares in Morila SA to the Mali State owned mining
company. Firefinch will seek shareholder approval for this transfer and upon shareholders
approving the transfer, Firefinch will make the A$11.5 million contribution to Leo Lithium
So FFX will pay $11.5M (circa USD $7.5M) to Leo as part of the settlement.
Not much, but its something.
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- Ann: MoU Signed with Mali Gov & Sale of Entire Project to Ganfeng
Ann: MoU Signed with Mali Gov & Sale of Entire Project to Ganfeng, page-134
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