RE:RE:RE:Board Yes Kakoo!
My thinking on what happened with the PP and the delay in closing.
1). CRE announces PP.
2). The AIF (regulator) who approves private placements reviewed CRE for
"continueous discloser obligations both (periodic and timely)"
3). The AIF decide amendments are required to CRE disclosure documents before PP can be approved.
4.) CRE makes changes to documents as requested and updates on SEDAR.
5.) CRE makes press release indicating the following changes were made.
sources have been added to the "Lithium Demand Outlook" and "Lithium Price Outlook" sections to further support our statements. Additional disclosure regarding "community consultations" was added in the Annual MD&A. In both MD&As, the "Lithium Demand Outlook" and "Lithium Price Outlook" sections were removed and disclosure regarding "development allowance" was added. In the Annual MD&A, additional disclosure regarding "community consultations" was added. In the AIF and both MD&As, general promotional language was adjusted and additional disclosure was added regarding the Rose Lithium-Tantalum property. Subsequent events have been added.
6.) AIF will now review the documents posted to SEDAR yesterday and will likely approve PP
shortly.
Questions to Management
PP was announced Nov 4, why did it take til Nov 29th after supposed closing to update SEDAR?
Either AIF notified management at a very late date about updates it required and CRE is responding as quickly as it can to the bungling at the AIF or CRE just too slow at getting the requested updates done on time
cheers