The company remains focused on the Wolfsberg Lithium Project.
(ASX:EUR,FRA:PF8,VSE:ELI) has agreed to amend the terms of the sale agreement with Cervantes Gold Pty Ltd () for the sale of its Project.
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.
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
In exchange for publishing services rendered by the Company on behalf of European Lithium Ltd named herein, including the promotion by the Company of European Lithium Ltd in any Content on the Site, the Company...
FOR OUR FULL DISCLAIMER CLICK HERE