Followers | 23 |
Posts | 1098 |
Boards Moderated | 0 |
Alias Born | 10/08/2008 |
Monday, February 15, 2021 7:19:41 AM
According to the agreement, Nemaska Lithium will have a pre-emptive right to participate in any future equity financing as long as it holds at least 10% of Vision Lithium’s issued and outstanding common shares. In addition, Nemaska Lithium was granted the following additional rights:
• a right of first refusal to purchase any concentrate originating from the Sirmac Property for further processing at its Shawinigan hydro-metallurgical facility;
• the right to act as exclusive marketing agent for all lithium salts from concentrate originating from the Sirmac Property;
• the right to receive a 2% marketing fee, in cash, on the gross proceeds from the sale of lithium products derived from concentrate originating from the Sirmac Property sold by Nemaska Lithium (and from any concentrate otherwise sold by Vision Lithium that is not purchased by Nemaska Lithium); and
• a right of first refusal to reacquire the Sirmac Property in the event that Vision Lithium wishes to sell or otherwise assign and transfer its right, title and interest in and to the Sirmac Property.
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM