The Froggy Channel., page-5288

  1. 13,218 Posts.
    lightbulb Created with Sketch. 274
    I know the vote wasn't the deal being done btw but it was the integral catalyst for the deal. Closing date was 5 days after . I do not see the 31st being mentioned anywhere... ?


    Acquisition TermsUnder the Agreement, Anson proposes to acquire all the placer claims that make up the Green Energy Lithium Project from Legacy Lithium Corp. for a consideration of USD1 million in cash and 15,060,981 Ordinary Shares in the Company (Consideration Shares). The transaction is subject to Legacy shareholder approval, in accordance the requirements of corporation laws and securities Laws

    www.ansonresources.com3applicable to Legacy, as determined by counsel to Legacy. There are no other material conditions precedent for the Agreement.Closing date of the Agreement is 5 business days following satisfaction of conditions precedent (Closing Date). On the Closing Date, Anson will pay USD1 million cash and issue one-eighth (1/8) of the freely tradeable Consideration Shares to Legacy. The remaining Consideration Shares (Escrow Shares) shall be held in escrow in trust for the benefit of Legacy and released to Legacy as follows: one-quarter (1/4) of the remaining Consideration Shares being released on each of the dates that is six (6), twelve (12), eighteen (18) and twenty-four (24) months following the Closing Date, with the result that all Escrow Shares will be released by the date that is twenty-four (24) months following the Closing Date.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.