Critical Metals Corp. Completes Acquisition of European Lithium
Critical Metals Corp completed its acquisition of European Lithium Limited, which is now a wholly owned subsidiary after Court-approved schemes of arrangement under Australian law. The company issued 90,539,994 new CRML shares as consideration (0.045 shares per European Lithium share; 0.0353158621 per option), leaving 194,219,631 shares outstanding and cash of approximately $264.5 million.
Key figures
- Share scheme exchange ratio
- 0.045 CRML shares per European Lithium share
- Option scheme exchange ratio
- 0.0353158621 CRML shares per European Lithium option
- Shares issued in acquisition
- 90539994
- Cash balance post transaction
- $264.5 million
- Shares outstanding post transaction
- 194219631
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