RE: Canmax meeting this weekend30 Mar 2025 21:17
Premier and Canmax have agreed that in respect of any prepayment amount plus interest which remains outstanding on 1 April 2025, and in the event that Premier has not delivered the required product or provided cash settlement to settle the prepayment amount plus interest, then Canmax will be entitled to receive, as settlement of the outstanding prepayment amount plus interest, a direct interest in Zulu Lithium based on a project valuation of US$100 million which more accurately reflects the capital investment in Zulu to date. Alternatively, Canmax can elect to accept settlement in new Premier ordinary shares to be issued at the twenty-day volume-weighted average of the Premier ordinary share price prior to the settlement date.