Monday, February 24, 2025
10.7 C
London
HomeFinTechHannans: Reveals amended arrangement with Greenhouse

Hannans: Reveals amended arrangement with Greenhouse

Date:

Coinbase Announces SEC Agreement to Drop Enforcement Case

A pivotal moment for cryptocurrency regulation and market confidence.Highlights:...

Bybit Wallet Hack Results in $1.4 Billion ETH Theft, Shaking Crypto Market

Bybit, a leading cryptocurrency exchange, suffers a massive security...

UK Government Issues Tender to Integrate Open Banking into Gov.UK Pay

The UK government invites bidders for a £49 million...

Hannans Reveals amended arrangement with Greenhouse

  • After an almost two-month wait, Hannans (HNR) reveals the amended agreement terms with Greenhouse Investments
  • The companies struck a deal in February for Hannan to expand its lithium battery recycling operations to the UK, Ireland, Italy and the Balkans through a sub-licence structure
  • Now, the company will hold 100 per cent of Greenhouse’s commercialisation rights and will raise up to $2 million at two cents instead of the original $3.5 million at 3.5 cents
  • The consideration remains the same which is Hannan s issuing almost 500 million shares to Greenhouse and, in exchange, Greenhouse will have a 19.9 per cent interest in Hannan s
  • Company shares last traded at 2.1 cents on June 2

Related stories

spot_img

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories