Eurobattery Minerals closes the investment and shareholders agreement regarding the option to acquire the Hautalampi Nickel-Cobalt-Copper mine
Eurobattery Minerals AB (NGM Nordic SME: “BAT”; the “Company”), a growth company in the mining and exploration industry, closes the investment and shareholders agreement that was entered into on 11 may 2020. The investment and shareholders agreement includes an option for a staged acquisition of 100 per cent of the shares in Vulcan Hautalampi Oy (“VHOy”). The Company paid €0.05M in cash and €0.2M in BAT shares at the closing in consideration for the options to acquire VHOy.
The consideration in BAT shares is made at a price of €200,001 and is paid a 100 percent through the seller's claim