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Stock impact report

European Lithium sells 3.03 million shares of CRML [Yahoo! Finance]

Critical Metals Corp. - Ordinary Shares (CRML) 
Company Research Source: Yahoo! Finance
This off-market transaction involved shares priced at $16.50 each. Furthermore, CRML has finalised a private placement, raising an equivalent amount of $50m in equity funding. The company has outlined its intention to use these funds to develop the Tanbreez Rare Earth Project in Greenland. According to the securities purchase agreement, CRML will issue 1.47 million ordinary shares at a price of $16.50 per share, accumulating to the total purchase price of $50m. In addition, pre-funded warrants have been issued, which will allow for the acquisition of around 1.56 million additional shares. The shares and warrants distributed in this private placement come with resale registration rights. EUR executive chairman Tony Sage said: “The capital raising undertaken by CRML demonstrates continued investor confidence in the US markets in CRML as they continue to advance the strategic portfolio of critical mineral assets. We are receiving a lot of enquiries from EUR shareholders rega Show less Read more
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