Highlights
- Binding Framework Agreement, subject to due diligence (“DD”), has been signed to merge up to 100% of the issued capital of China Sciences Hengda Graphite Co, Ltd (Hengda), a graphite mining, processing and products company with Lamboo Resources with the combined entiry to be listed on the ASX.
- Creation of the first vertically-integrated, stock exchange listed, upstream flake graphite resource company with a downstream state-of-the-art processing and production facility (including spherical anodes and graphene).
- Merged entity expected to have competitive market access to burgeoning Lithium Ion battery and EV markets.
- Lamboo has already conducted extensive due diligence and subject to completion of DD and other approvals, Lamboo will merge with Hengda.
- Lamboo planning listing on a leading Asian Exchange that gives better access to investors and market synergies, to facilitate a greater valuation and re-positioning as a niche technology product producer.
For further information please download PDF attached:
