Power Minerals Limited (ASX:PNN) entered into Letter of Intent to acquire Ultra Argentina and Ultra Minerals from Ultra Lithium Inc. (TSXV:ULT) on May 16, 2023. A first tranche of 25 million shares are to be issued once relevant regulatory and shareholder approvals are received by both Power and Ultra Lithium.Upon completion of the due diligence and finalisation of the Acquisition Agreement, Power and Ultra Lithium will undertake general meetings with respective shareholders to seek final approval of the Acquisition Agreement. Ultra Lithium will also seek approval from TSX-V for a convertible note that will be provided by Power to Ultra Lithium.
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Other stock markets
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5-day change | 1st Jan Change | ||
0.025 CAD | +25.00% | +25.00% | -44.44% |
Apr. 03 | Ultra Lithium Provides Bi-Weekly Default Status Report | MT |
2023 | Ultra Lithium Completes Laguna Verde Option Payments | MT |
Stocks mentioned in the article
Price
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Change
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5d. change
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Capi.
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0.12 AUD | +4.35% | 0.00% | 6.95M | ||
0.025 CAD | +25.00% | +25.00% | 3.49M | ||
1st Jan change | Capi. | |
---|---|---|
-44.44% | 3.49M | |
+35.87% | 90.41B | |
+18.63% | 72.53B | |
-.--% | 27.75B | |
+45.83% | 10.49B | |
+24.16% | 9.2B | |
+12.94% | 8.86B | |
-8.73% | 6.9B | |
+44.50% | 6.78B | |
+23.28% | 5.19B |
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- Power Minerals Limited entered into Letter of Intent to acquire Ultra Argentina and Ultra Minerals from Ultra Lithium Inc..