Ann: Novo Litio acquires prospective Gold Project, Cote d'Ivoire, page-27

Pursuant to an announcement 6 August 2018, Apollo entered into a binding Heads of Agreement with Novo Lítio Limited (ASX: NLI) (‘Novo Lítio’) to sell an 80% interest in its Boundiali and Korhogo gold permits. Apollo shareholders will retain significant exposure to the stepped-up exploration activities on the permit though a 20% free-carried interest to ‘Decision to Mine’ in the permit, as well as a 19.4% equity position in Novo Lítio. Novo Lítio holds a post-transaction cash position balance of over $15m, and has committed to a $5m exploration campaign spanning the Korhogo/Boundiali permits over the coming two years. Apollo retains a board position in Aspire Nord CI, the Ivoirian company holding the permits.
From Apollo´s page. Any thoughts?