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
