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European Lithium Agrees to Extend Exclusivity Period to Finalize Scheme Implementation Deed

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European Lithium (ASX:EUR) agreed with Nasdaq-listed Critical Metals to extend the exclusivity period to finalize a binding scheme implementation deed for the acquisition of all of the issued share capital and listed options in the company through a scheme of arrangement, according to a Friday filing with the Australian bourse.

Shareholders would receive 0.035 new Critical Metals shares for each company share held under the proposed share scheme, the filing said.

Meanwhile, company listed option holders would receive new Critical Metals shares reflecting the in-the-money value of their options on a cashless exercise basis under the proposed option scheme, per the filing.

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