Release of Shares from Voluntary Escrow Complete
Adelaide, July 27, 2018 AEST (ABN Newswire) - Core Exploration Limited (
ASX:CXO) advises that 26,154,683 shares held by Liontown Resources Limited (ASX:LTR) have been crossed by LTR's broker to a number of investors.
Accordingly, 13,077,341 shares have been released from escrow to facilitate the crossing in addition to those shares released from escrow after 7 July 2018. The shares were originally issued as consideration for the acquisition of Bynoe project tenements from LTR and represent the final issue of CXO shares to Liontown.
The release of these shares was conditional upon the shares being traded between 25 July 2018 and 15 August 2018 via a crossing arranged with the broker of LTR (as announced on 10 July 2018). This condition has been satisfied.
Following this crossing transaction, Liontown will no longer be a shareholder of Core.
About Core Lithium Ltd
Core Lithium Ltd (ASX:CXO) is an Australian hard-rock lithium company that owns the Finniss Lithium Operation on the Cox Peninsula, south-west and 88km by sealed road from the Darwin Port, Northern Territory. Core's vision is to generate sustained shareholder value from critical minerals exploration and mining projects underpinned by strong environmental, safety and social standards.
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