RE: BBN's Latest Article - Explaining today's RNS27 Apr 2021 17:43
There's more.
When VRFB Holdings Ltd was incorporated (in Guernsey on 3/12/20) the share ownership was 66% Borromeo's Acacia Resources and 33% BMN (not BE). So the obvious conclusion is that the remaining 27.4% of VRFB-H's shares (after accounting for Mustang's 22.1% and BE's 50.5% ) that we don't know about, belong to Acacia. Any changes to the shareholding have yet to be registered with the Guernsey Registry though.
Also, when Enerox Holdings Ltd (EHL) was incorporated the ownership was 50% BMN and 50% Garnet Commerce Ltd. Garnet Commerce is based in Alberta Canada and owned by one Dean Petersen, a HNW individual with a more than passing interest in Vanadium. At one point about 5 years ago he was a buyer of about $1.5m dollars' worth of Largo shares.
Finally, on December 10th 2020 Stephen L Prince, ex CEO of Younicos, and was appointed a director of EHL on December 10th, and to the Cellcube board at about the same time. He is so a special advisor at Alexa Capital, an international corp finance advisory firm with a focus on 'the energy transition'. It's not clear if his appointment is associated with another, as yet unknown, member of the consortium.