Neo Lithium Corp NTTHF

Is 12 June 2021 nearing too fast?

[RuudinFrance]

Quote:

"The Company has agreed to use its commercially reasonable efforts to qualify the Underlying Shares for distribution in Canada, and to obtain the Final Receipt therefor, on or prior to April 12, 2021. In the event the Qualification Date has not occurred on or before April 12, 2021, each Special Warrant shall thereafter entitle the holder thereof to receive, upon the exercise or deemed exercise thereof, as applicable, 1.1 Underlying Shares (the “Penalty Provision”)."

Have fun.

[tiger2201]

Here is the related NR this am. tiger https://www.theglobeandmail.com/investing/markets/stocks/NLC-X/pressreleases/1252379/

[RuudinFrance]

Hi Tiger, Yeah, I found it in my mail box when I got back from my garden work. Funny how, I gw fast I got a response. If this is structural, I've got a few more issues :-) Have fun.

[Greektome]

TOTAL CARNAGE!!! YAWWWWWWNNNNNN.... Whatever....

[Username1]

So there will be more dilution?

[RuudinFrance]

Can we start thinking about offtake based loans?

[tiger2201]

Hi Rudd, I agree with you. Here are what happened with LAC. I more see it will be a combination of debt and equity, depending on the ratios.  NLC also may sell a portion of the project, that will raise fund as well.  I am not sure when that will happen, prior to or after DFS. I hope we should have some NR soon from the company. tiger https://stockhouse.com/news/press-releases/2017

[neosceptic]

I am surely against dilution and off-take backed loan would be the most preferable option, especially considering insanely short payback period. However, I think some dilutions are innevitable. I do not think it will be soon, though, NLC 60+ mln. cash balance allow to till s/p will reach $10-12. This way, 10M extra shares will make dilution marginal, but 100M will be enough to secure any further