Piedmont Lithium Flags 19.9% Stake in New Reporting Issuer

MT Newswires Live
05-29

Piedmont Lithium (ASX:PLL) said that its wholly-owned unit Piedmont Lithium Newfoundland Holdings held a 19.9% stake in Vinland Lithium, which began trading on the TSX Venture Exchange at the opening of the market on May 23, according to a Thursday Australian bourse filing.

The dual-listed Piedmont beneficially owns or exercises control or direction over 2 million shares of Vinland out of the 10.05 million shares issued and outstanding.

Piedmont subscribed for 2 million class B shares of Vinland at CA$1 per share through a private placement on Oct. 11, 2023, and then exchanged its class B shares for common shares on a one-for-one basis as of June 30, 2024. The aggregate consideration for the 2 million common shares was CA$2 million.

Vinland became a reporting issuer in the Canadian provinces of Alberta and British Columbia after a qualifying transaction via a plan of arrangement transaction, whereby each of Benton Resources and Sokoman Minerals spun off 2 million common shares of Vinland to their respective shareholders.

The 2 million shares are subject to a 36-month value security escrow agreement.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10