Ann: Tawana & Alliance to Merge and Capital Raising & SIA, page-216

Burwill for one, if they already pulling the AMAL strings is not that far fetched to think that 140m+ shares issued in the CR would put them in the driving seat of the new company. From there is only a small step to taking over 90% of it and compulsory acquisition/delisting to be owned by Chinese/German interests, hence the reference to Talison lithium.

Besides if some articles are to be believed it appears that its a done deal and no shareholders approval is necessary .


http://www.theedgemarkets.com/artic...e-minerals-buys-australian-lithium-jv-partner

MELBOURNE (April 5): Singapore-listed lithium producer Alliance Minerals Assets Ltd has bought out its Australian joint venture partner Tawana Resources for A$215 million (US$165.4 million), the two companies said on Thursday.
The deal is an early sign of consolidation in the red hot lithium sector where more supply is coming online as demand is expected to surge over the coming decade with more electric vehicles hitting the road.
Alliance, which is headquartered in Perth and jointly developed the Bald Hill lithium and tantalum project in Western Australia, will acquire 100 percent of Tawana shares for A$0.37 per share, it said in a statement.
Tawana shares were halted on Thursday. They traded last at A$0.455 a share, valuing the company at about A$229 million.
The transaction is expected to be completed by the fourth quarter of the year.
The new company, which will be listed on the Australian and Singapore exchanges, is set to become Australia's first new lithium exporter since 2016, when it ships out its first lithium concentrate later this month, Tawana said in a statement.
The new entity has offtake agreements in place with Burwill Commodity Ltd, a joint venture partner of China's Jiangte Special Electric Motor Co
It has also reached an offtake agreement for its tantalum with Germany's HC Starck Group.
Alliance shares closed at S$0.34 on Wednesday.
(US$1 = 1.2999 Australian dollars)