RE: π₯ BLUE29 Jan 2025 15:20
I agree, im confused as to why it wouldnt be pproved, the sale has completed as per the below, i may be mistaken here but i am confused as it also notes the number of shares held in escrow:
"The Transaction is effected by the sale of 100% of the issued share capital of LRH Resources Limited ("LRH") held by the Company to European Lithium. The Transaction is to be settled through the transfer to Technology Minerals of 1,371,742 shares held by European Lithium in Critical Metals Corp (Nasdaq: CRML) ("CRML"), a leading mining company focused on mining critical metals and minerals, calculated at 90% of the closing market price of the shares on the day before the signing of the Heads of Agreement as announced on 22 April 2024 (the "Consideration Shares"), such shares valued at US$10 million at that date. 137,174 of the Consideration Shares will be transferred by the Company to Chang Turkmani a director of the Company, under an Introducer's Commission Agreement. The Consideration Shares will be locked in and held in escrow until 28 February 2025."