Chariot Corporation Limited (ASX:CC9) Announces Second Amendment to Black Mountain Purchase Option
Amendment Details
Chariot Corporation Limited’s subsidiary, Panther Lithium Corporation, has amended its agreement with Black Mountain Lithium Corp. The Second Amendment replaces the original obligation to pay USD $1,450,000 in three installments by 30 December 2025 with a revised schedule and the issuance of 2 million Chariot shares.
Revised Payment Schedule
Under the amended terms, Panther Lithium Corporation will make seven cash payments totaling USD $1,450,000 by 30 September 2026. Additionally, 2 million fully paid ordinary shares of Chariot will be issued, subject to a six-month escrow and shareholder approval by 31 May 2025. If approval is not obtained, a cash payment equivalent to the share value will be provided based on the 10-day VWAP at the shareholder meeting.
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