Megawatt Lithium and Battery Metals to acquire additional 20% interest in holder of silver–zinc projects

Mar. 31, 2022 8:38 AM ETMegaWatt Lithium and Battery Metals Corp. (WALRF)By: Shweta Agarwal, SA News Editor
  • Megawatt Lithium and Battery Metals (OTCPK:WALRF) signs share purchase deal with BC Co. to acquire additional 20% stakes in the company.
  • Currently, Megawatt Lithium and Battery Metals holds 60% of the BC Co, which will now be increased to 80% post this transaction.
  • BC Co owns a 100% interest (subject to a 2% NSR) in two prospective silver–zinc projects in Australia, being the Tyr Silver Project and the Century South Silver–Zinc Project.
  • Consideration: MegaWatt will acquire an additional 20% of BC Co in consideration for the issuance of 7.5M of WALRF shares priced at $0.13 each. That compares to stock's last close of $0.11.
  • Closing of the transaction is expected on April 15, 2022.

Recommended For You

Comments

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.