Lion Energy Limited (AU:LIO) has released an update.
Lion Energy Limited has acknowledged the material impact of a new Development Agreement and associated dealings with DGA and Samsung C&T on its stock value. The company confirmed that it expects the payment of A$3.7 million for pre-construction costs and the procurement of A$6.3 million debt financing, along with granting a 25% project interest to each DGA and Samsung, to affect its securities’ price. Lion has stated its compliance with ASX Listing Rules, particularly Rule 3.1, following the execution and announcement of the Development Agreement.
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