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06:09
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Originally posted by JB1975
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I was assuming the Execution Date referred to on page 6 of the announcement at head of this thread was 11 November 2019. Its already linked to the first post in this thread.As announced on 11 November 2019 the Company has entered into a conditional subscription agreement with Yibin Tianyi Lithium Industry Co,. Ltd (Yibin Tianyi) (Subscription Agreement ) under which Yibin Tianyi has agreed subject to satisfaction of a number of conditions precedent, to subscribe for, and the Company has agreed to issue to Yibin Tianyi, 314,300,000 Shares (Subscription Shares ) at an issue price of $0.045 per Subscription Share, equating to a total subscription amount of $14.143.500 (Subscription ).1.2 Subscription Agreement (a) Subscription: ....(b) Conditions: The Subscription is conditional upon satisfaction (or waiver) of the following conditions precedent within 84 days of the date of execution of the Subscription Agreement (Execution Date ):Completion ).(c) Exclusivity and Restrictions : During the period from the Execution Date until the date of Completion or termination, whichever occurs first: why you are asking me what I am assuming is that you must reckon I'm assuming something wrong or be assuming that the Execution Date is later than 11 November 2019 -- (that the Subscription Agreement hasn't been executed yet) - is that it?
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You could be right............. but entering into a conditional subscription agreement and execution date have different signification, because the SA can’t be executed until shareholders approve it.
Last edited by
Deboss :
03/12/19
