TYX 0.00% 0.4¢ tyranna resources limited

does any one know why the price jumped to $1.30 2010, page-32

  1. 963 Posts.
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    Big positive development.The $8.3BN capped Chinese mining giant Sinomine is investing up to $31M in TYX, and will have a first right of refusal on an offtake deal for 50% of TYX’s lithium production.The $31M funding deal is split over two phases: Phase 1:Sinomine invests $4.5M in TYX at 2.5c per share. Sinomine invests $10M in exchange for a 10% stake in TYX’s Angolan lithium project. Phase 2 (Sinomine will have the option to exercise this phase):Sinomine can invest $6.75M in TYX at a minimum of 3.75c per share OR a 25% discount to the 5-day volume weighted average price TYX share price (whichever is higher).Sinomine can invest another $10M in exchange for a further 10% stake in TYX’s Angolan lithium projec
 
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