Thor Mining PLC (LON:THR, ASX:THR) has said shareholders at Hawkstone Mining Limited (ASX:HWK) have approved the company’s acquisition of Thor’s interest in USA Lithium Pty Ltd.
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The miner said it expects to be issued around 7.81mln shares in Hawkstone, and will return 5% of the disposal proceeds to Pembridge Resources PLC (LON:PERE), from whom Thor acquired the interest originally.
The approval follows a restructuring of the disposal agreement for the USA Lithium stake on 26 June, after it was terminated on 15 June when Hawkstone cancelled its shareholder meeting to approve the acquisition of 100% of USA Lithium.