RE: RNS29 Sep 2021 13:06
It's 29% in the CCZ RNS too Bannor on page 7 and on our website so lets try not to add any more confusion 26% is an old number so is a mistake.
https://wcsecure.weblink.com.au/pdf/CCZ/02427584.pdf
OPTION AGREEMENT Vendor Group & asset overview
The owners of Lithium Technologies Pty Ltd (ACN: 619683859; “LT”) and Lithium Supplies Pty Ltd (ACN:
621172478; “LS”), which, in turn, each own 50% of Synergy Prospecting Pty Ltd (ACN: 622779980;
“Synergy”), have granted CCZ a 90-day option to acquire 100% of the outstanding shares of LT and LS
and by implication 100% of Synergy. Note, the major shareholder of LT and LS on a consolidated basis,
with circa 29%, is UK-based and AIM listed Cadence Minerals plc12 (LSE: KDNC).
The payments are to the "vendor group" which we own 29% of. So would get 29% of the CCZ shares, nothing to stop us increasing our holding of LT/LS while this is on-going though (though it would be against our interests to do so it seems).