Kachalo Chka


The equity investment of C$2,000,000 will result in LiteLink obtaining 24,217 Class A voting shares of CatalX at a valuation of $10,526,315.79. The investment also gives LiteLink ownership and control of 19% of the outstanding share capital of CatalX.

The equity investment will be satisfied through the issuance of 15,000,000 common shares of LiteLink to CatalX and a cash payment to CatalX of $500,000. In conjunction with closing of the investment, LiteLink will also pay a finders’ fee to an arm’s-length party of 750,000 common shares of Litelink. All securities issued in connection with the investment in CatalX will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities law.

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Joined Feb 27, 2021
Last online 3 months ago
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