AcquisitionsMay 19, 2026, 04:18 PM
Critical Metals Corp. to Acquire European Lithium Limited
AI Summary
Critical Metals Corp. and European Lithium Limited have entered into a Scheme Implementation Deed. This deed outlines the terms for Critical Metals Corp. to acquire all Scheme Shares and Scheme Options of European Lithium Limited through a Share Scheme and an Option Scheme. The consideration for the acquisition includes Bidder CDIs and Bidder Replacement Warrants, with specific terms for various performance rights. The agreement also details conditions precedent, transaction steps, exclusivity obligations, and provisions for reimbursement fees and termination.
Key Highlights
- Critical Metals to acquire European Lithium Limited via Share and Option Schemes.
- EUR Class 1 & 2 Performance Rights to receive 0.035 Bidder CDIs each.
- EUR Class 3-6 Performance Rights to receive 1 Bidder Replacement Warrant each.
- Minimum Cash Amount condition for EUR Group set at $330,000,000.
- Permitted Balance for Velta Loans capped at US$31,000,000.
- Bidder financing transaction share price not lower than US$11.86.
- Bidder financing transaction share issuance not to exceed 10% of total shares.
- Transaction End Date is December 31, 2026.
Price Impact
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