As announced 21 December 2017, Cervantes Corporation confirmed that the purchase of the Paynes Find Gold Project from European Lithium had settled. The total consideration in relation to the Transaction comprises $500,000 cash and $500,000 in share consideration . The parties have agreed to settle the remaining cash consideration payable of $80,000 through the issue of 7,000,000 shares in Cervantes at a deemed issue price
[...]