Proactive Investors - Run By Investors For Investors

European Lithium becomes a substantial shareholder in Cervantes Corporation

European Lithium remains focused on the Wolfsberg Lithium Project.
European Lithium becomes a substantial shareholder in Cervantes Corporation
Cervantes shares last traded at $0.009

European Lithium Ltd (ASX:EUR) is now a substantial shareholder in Cervantes Corporation Ltd (ASX:CVS), holding 25 million shares for a 7% stake.

European Lithium gained the stake following the sale of its Paynes Find Gold Project in Western Australia to Cervantes.

In regard to the cash component of the consideration, European Lithium has received $220,000 to date, with two instalments of $25,000 to be paid on or before 15 January 2018 and 28 February 2018.

The final instalment of $230,000 is to be paid on or before 31 March 2018.

European Lithium's main focus remains the Wolfsberg Lithium Project in Austria.

READ: European Lithium attracts first research from Europe

View full EUR profile View Profile

European Lithium Ltd Timeline

Big Picture
November 20 2018

Related Articles

Blackrock gold mine
December 06 2018
The high-grade gold and silver project in north-central Nevada is adjacent to Hecla's Hollister Mine
A drill rig
14:15
The Finniss lease also hosts the Grants deposit, which will host the project's first mine.
Eureka Gold Project
January 11 2019
The company’s drilling programs have upgraded the resource at the Jumbuck Project by 100,000 ounces of gold to 319,000 ounces of gold last year.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use