RE: Sonora JV valuation15 Oct 2019 21:57
Completion of the last of the relevant approvals has now been obtained and Bacanora has now received the £21,963,740 of funds from Ganfeng in exchange for a 29.99% equity interest in Bacanora Lithium PLC and a 22.5% JV investment directly in the Sonora Lithium Project ('Sonora'). It is expected that the 57,600,364 shares in Bacanora will be admitted to trading on or around 18 October 2019.
So Ganfeng have 29.99% of Bacanora company and 22.5% of the PROJECT.
Do we have 30% of the PROJECT?