The details are now as follows:
- The end date for completion of the transaction has been amended to 28 November 2017; and
- This extension was provided in consideration for the payment of $25,000 from CVS to the company by 20th October 2017.
The total consideration payable remains unchanged and comprises $500,000 cash, of which $170,000 has been received to date, and $500,000 in share consideration (25 million shares at a deemed issue price of $0.02).
European Lithium remains focused on the Wolfsberg Lithium Project located in Austria.