RE: Re what am i missing4 Oct 2023 04:00
The mining rights have been transfered, except for Sogola Nord exploration rights due to renewal.
The latest delivery date of the transaction has been extended from April 30, 2023 as agreed in the agreement to September 30, 2023, or a later date confirmed by both parties. (For details, please refer to the company’s announcements No. 2023-005, 035, 041, 060, 066, 071, and 084 disclosed on the Shanghai Stock Exchange website). So far, KOD has completed the debt restructuring of KMUK and completed the registration of its local subsidiary in Mali, Le Mines de Lithium de Bougouni SA ("LMLB"). At the same time, except for the exploration rights of Sogola Nord which have not yet been transferred to KMUK due to pending renewal, the mining rights and exploration rights of other Bougouni lithium mines within the scope of the transaction have been vested in KMUK. In view that the delivery procedures involved in this transaction have not yet been fully implemented and confirmed in writing by both parties, the latest delivery period will be extended to October 31, 2023 or a later date confirmed by both parties. There is still a risk that the transaction will be terminated due to failure to meet all delivery conditions.