Krupa Global Investments, Ceske Lithium a.s. and partners (offeror) made an offer to acquire an additional 29.9% stake in European Metals Holdings Limited (ASX:EMH) for AUD 13.1 million on June 11, 2020. Under the terms of the offer, offeror's will acquire 46.3 million shares of European Metals Holdings at a price of AUD 0.283 per share in cash. Post-completion, the stake owned by offeror will increased to 31.1%. If the tender offer will be successful and valid, financial settlement period is 30 days from the announcement of successful tender offer. The tender offer will be valid, when acceptance threshold of 20% of all outstanding shares of European Metals will be reached amongst shareholders within 30 days acceptance period from July 10, 2020. Tender offer does not require any regulatory approval from AIM or ASX. Tender offer commence on June 11, 2020 and ends on July 10, 2020. Michael Cornish and Roland Cornish of Beaumont Cornish Limited acted as financial advisor and broker to European Metals Holdings. Damon Health and Erik Woolgar of Shard Capital acted as broker to European Metals Holdings.