European Lithium Ltd (ASX:EUR, FRA:PF8, OTC:EULIF) has announced an off-market transaction of 0.5M Critical Metals Corp (CRML) share to an institutional investor in the US at US$3.60 per share for US$1.8M (A$2.72M) net proceeds for European Lithium.
Speaking on this transaction, Tony Sage, Executive Chairman of European Lithium and Critical Metals Corp commented, “This transaction again highlights the value of the Company’s holding in CRML. The remaining 62.5 million shares held in CRML, using the $US4.54 closing price on the Nasdaq yesterday, values the Company’s holding at approximately $US284m ($A436.5m), which is well above the current market capitalisation of EUR. The Company’s holding in CRML equates tour $0.30c per EUR share.”
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