European Lithium Sells Shares of Critical Metals Corp
European Lithium has sold 3.03 million shares of Critical Metals Corp (CRML) to a US institutional investor, generating around $50m (A$76m) in net proceeds.
The company plans to use these funds to develop the Tanbreez Rare Earth Project in Greenland. The shares were sold at $16.50 each in an off-market transaction.
- Number of shares sold: 3.03 million
- Net proceeds: around $50m (A$76m)
- Share price: $16.50 each
The gold standard of business intelligence.
CRML has also finalized a private placement, raising an equivalent amount of $50m in equity funding by issuing 1.47 million ordinary shares at a price of $16.
Author's summary: European Lithium sells shares to fund project development.
More News
- Bruins fall to Golden Knights in high-scoring affair for 2nd-straight loss
- Golden Knights caught in ugly fallout less than 24 Hours after Carter Hart signing
- "The Smashing Machine's" misfired punches - The Triangle
- | Helly Hansen Odin Everdown Hooded Jacket | Review
- LPEA CEO Chris Hansen to speak at Democratic Club Meeting – Pagosa Daily Post News Events & Video for Pagosa Springs Colorado
- Keanu Reeves Lifts Aziz Ansari's Gentle Comedy Good Fortune
- The 11 Best Body-Swap Movies, Ranked | Features | Roger Ebert
- AP tells exclusive story about devastation caused by U.S. foreign aid cuts | The Associated Press
- How to Fix VirtualController Error Code in FC 25?
- The 5 Biggest State Tax Cuts for Millionaires this Year