From the acquisition announcement in September last year....

From the acquisition announcement in September last year. Refreshing to see also some proceeds going to the disadvantaged locals

"Gecko and Celsius have entered into an acquisition agreement (“Acquisition Agreement”) pursuant to which Celsius will move to a 95% interest in EPL 4346 (through its shareholding in Gecko Cobalt Holdings (Pty) Ltd) in consideration for issuing Gecko with 31,250,000 shares in Celsius. Additionally, Gecko has agreed to sell to Celsius a 95% interest in three surrounding licences in the Opuwo region (the “Additional EPLs”), covering approximately 782 km2, taking the contiguous landholding of the expanded Celsius owned Opuwo Project to approximately 1,470 km2, for consideration of 12,500,000 shares in Celsius.

The remaining 5% in all project licences will be retained by Amor Investments (Amor), a local Namibian Company owned by historically disadvantaged Namibians. Gecko has agreed to a voluntary escrow lock on the Celsius shares it receives as 50% for 6 months from completion and 50% for 12 months from completion. The Company does not require Shareholder Approval for this issue of shares as they fall within the capacity available under Listing Rule 7.1. Completion under the Acquisition Agreement remains subject to Gecko making an application in terms of Section 39(1) of the Minerals Act for the approval by the Minister of the transfer of the Additional EPLs to Gecko Cobalt Mining (Pty) Ltd)"