Notice of General Meeting/Proxy Form
Notice is given that the Meeting will be held at:
TIME: 11.00 am (WST)
DATE: 22 June 2018
PLACE: MetalsTech Limited
Unit 1, 44 Dennis Street
Subiaco WA 6008
Click here to view the full ASX announcement
MERN Transfers and Strategic Chinese Investment Update
MetalsTech Limited (MTC or the Company) provides the following update in respect of the MERN Transfers and the recently announced $4.8m funding deals with leading chemical producer Wuxi Baichuan Chemical Industry Co Ltd (BCC) and leading battery manufacturer Dynavolt Renewable Energy Technology Co Ltd (Dynavolt).
Highlights
• Quebec Government has advised that the MetalsTech MERN Transfers, mining claims that are in the process of being transferred into MTC subsidiaries pursuant to various acquisition agreements and direct claim staking, have been processed, however due to the Christmas holiday period, the transfers will now be formally registered on or before 19 January 2018
• MTC has agreed extensions for both BCC and Dynavolt to enable the MERN Transfers to complete prior to each of BCC and Dynavolt completing their strategic investment in MTC
• Terms of BCC’s proposed $1.8m investment (refer ASX Release dated 15 December 2017) provide for completion within 20 business days from completion of the MERN Transfers, therefore completion is expected on or before 19 February 2018
• Terms of Dynavolt proposed $3m investment (refer ASX Release dated 6 December 2017) varied to allow completion to occur on or before 31 January 2018
• MTC fully funded to complete maiden drill program at the Adina Lithium Project, with preparations currently underway and first drilling scheduled to commence in February
The full ASX announcement can be found by CLICKING HERE