Brief: Sensore LtdDecides On Strategic Division Of Its Exploration And Technology Assets

PLC Resources

18/12/2023 01:09

Dec 18 (Reuters) - SensOre Ltd.  S3N.AX :
    * DECIDES ON STRATEGIC DIVISION OF ITS EXPLORATION AND
TECHNOLOGY
ASSETS BY PRIVATISING ITS TECHNOLOGY ASSETS
    * TO PROPOSE REBRANDING AS PREMIER1 LITHIUM LIMITED, PENDING
SHAREHOLDER CONSENT
    * ENTERED DEAL WITH JV PARTNER DEUTSCHE ROHSTOFF AG FOR
ACQUISITION OF 70% STAKE  IN LITHIUM ASSETS CO DID NOT ALREADY
OWN VIA A SCRIP DEAL
    * AGREEMENT COINCIDES WITH A WELL-SUPPORTED A$3M PLACEMENT
    * NEW TECHNOLOGY CO WILL OPERATE AS INDEPENDENT, UNLISTED
ENTITY
WITH NEW VENTURE CAPITAL AS DISCUSSIONS PROGRESS WITH NUMBER OF
PARTIES

Source text for Eikon:  ID:nASX8ZlP7T 
Further company coverage:  S3N.AX