BRIEF-European Lithium To Combine With CRML For Implied Valuation A$0.58 Per Share
BRIEF-European Lithium To Combine With CRML For Implied Valuation A$0.58 Per ShareApril 28 - European Lithium Ltd EUR.AX:EUR TO COMBINE WITH CRML IMPLIED VALUATION A$0.58 PER SHAREESTABLISHED INDEPENDENT BOARD COMMITTEE TO CAREFULLY CONSIDER MERITS OF PROPOSALPROPOSAL CONTEMPLATES ALL LISTED CO OPTIONS WILL BE ACQUIRED VIA OPTION SCHEME OF ARRANGEMENTUNDER DEAL ALL EUR SHARES WILL BE ACQUIRED AT EXCHANGE RATIO OF 0.035 CRML SHARES FOR EACH EUR SHAREPARTIES TO EXECUTE A BINDING SCHEME IMPLEMENTATION DEED BY 7 MAYIBC RECOMMENDED IT IS IN BEST INTERESTS OF SHAREHOLDERS TO ENTER NON BINDING INDICATIVE DEAL TO FURTHER PROGRESS OF PROPOSALEUR AND CRML AGREED TO NEGOTIATE EXCLUSIVELY WITH ONE ANOTHER WITH VIEW TO COMPLETE DUE DILIGENCE BY 7 MAYEUR BOARD NOTES THAT THERE IS NO GUARANTEE THAT PROPOSAL WILL RESULT IN TRANSACTIONFurther company coverage: CRML.O