BRIEF-Sensore LtdDecides On Strategic Division Of Its Exploration And Technology Assets

Reuters

2023-12-18

Dec 18 (Reuters) - SensOre Ltd. :

* DECIDES ON STRATEGIC DIVISION OF ITS EXPLORATION AND TECHNOLOGY ASSETS BY PRIVATISING ITS TECHNOLOGY ASSETS

* TO PROPOSE REBRANDING AS PREMIER1 LITHIUM LIMITED, PENDING SHAREHOLDER CONSENT

* ENTERED DEAL WITH JV PARTNER DEUTSCHE ROHSTOFF AG FOR ACQUISITION OF 70% STAKE IN LITHIUM ASSETS CO DID NOT ALREADY OWN VIA A SCRIP DEAL

* AGREEMENT COINCIDES WITH A WELL-SUPPORTED A$3M PLACEMENT

* NEW TECHNOLOGY CO WILL OPERATE AS INDEPENDENT, UNLISTED ENTITY WITH NEW VENTURE CAPITAL AS DISCUSSIONS PROGRESS WITH NUMBER OF PARTIES

Source text for Eikon: Further company coverage:

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