GW1 greenwing resources ltd
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News: GW1 Greenwing Resources Announces Strategic Funding Transaction With Nio Inc.

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    26/09/22
    11:35
    Post #: 63876643

    Sept 26 (Reuters) - Greenwing Resources Ltd (GW1) :

    • ANNOUNCES STRATEGIC FUNDING TRANSACTION WITH NIO INC.
    • NIO HAS AGREED TO PAY A$12 MILLION TO CO TO SUBSCRIBE FOR 21.8 MILLION GREENWING SHARES AT ISSUE PRICE OF A$0.55 PER SHARE
    • UPON COMPLETION OF PLACEMENT NIO WILL HOLD A SHAREHOLDING IN CO OF ABOUT 12.16%
    • UPON EXERCISE OF CALL OPTION, NIO WILL HAVE DIRECT RIGHTS TO OFFTAKE PRODUCTION IN SAN JORGE LITHIUM PROJECT
    • TRANSACTION TO ENABLE GREENWING TO ACCELERATE ITS EXPLORATION PROGRAM AT SAN JORGE LITHIUM PROJECT IN CATAMARCA PROVINCE, ARGENTINA
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