This announcement is made by Prosper One International Holdings Company Limited pursuant to Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 of the Listing Rules.
THE MEMORANDUM OF UNDERSTANDING
The Board is pleased to announce that, on 13 June 2018, the Company entered into the MOU with Lithium Chile in relation to the Equity Investment and the Norte Program.
The key terms of the MOU are set out in the following.
1. Equity Investment ---- The MOU contemplates the Equity Investment of CDN$1,000,000 (equivalent to approximately HK$6,000,000) in the LC Shares by the Company to be completed within 60 days from the signing of the Joint Venture Agreement to be issued at a price which is to be determined on the date of the press release for announcing the Joint Venture Agreement and the Equity Investment in accordance with the TSXV Policies) and is equal to the greater of (i) the minimum allowable discounted market price (as defined under the TSXV Policies) and (ii) CDN$1.00 per LC Share.