Neo Lithium Corp V.NLC

Primary Symbol: NTTHF

Metals & Mining Industrial Metals & Minerals

Neo Lithium Corp is engaged in the business of exploration operations. Its principal business activities are the exploration and development of resource properties. Its project includes the 3Q project. It operates its business in the countries like Canada and Argentina, however, most of the revenue is generated from Canada.

OTCQX:NTTHF - Post by User

Neo Lithium Corp > This new deal..

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Comment by BigBangOriginson Jan 21, 2021 9:35am

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Post# 32343507

RE:RE:RE:RE:This new deal..

This is a great signal for long term shareholders. The Warrants are priced at $3.05 and that is the new floor for the SP. If the deal does not close within 2 months of February 10, 2021 because the OSC does not approve the deal in the timely manner, then the warrants will be entitled to 1.1 common shares per warrant. In other words, they will get a price per share of ~$2.77.

The purpose of these proceeds as stated in the news release is to "advance construction of the concentration pond system", which may have been required to complete the DFS.

At the end of the day, the objective Management is trying to achieve is get the financing and this is another step towards that and further de-risks NLC.

In the short term traders may force a SP pullback but long term investors will be smiling and accumulating even more shares.

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