Lithium and graphite. Cheese and bikkies?, page-45

Current equity will be consolidated, but receive an allocation to take up in the IPO, and there's not likely to be much available outside the loop as Ionic simply does not need to raise a great deal of cash, and the cornerstone have already indicated they will subscribe to maintain their proportional equity.

Understand seed cap target met, but not closed off, prior signing off the cornerstone.

Should current deal be finalised, this will get rather interesting, quite topical I imagine, would be rather nice to see Australian IP get commercialised within an ASX listed entity, and to have a piece of it.