Amendment of Convertible Note Terms
Released
Released
Announcement PDF
ASX ANNOUNCEMENT
3 June 2025
Amendment of Convertible Note Terms
Chariot Corporation Ltd (ASX: CC9; “Chariot” or the “Company”) advises that is has executed a letter
of amendment to the convertible note agreement with New York, United States – based investor
Obsidian Global GP, LLC (“Obsidian” or the “Investor”) previously announced on 27 March 2025.
Pursuant to the letter of amendment, Obsidian has agreed to extend the non-conversion and
placement share deferral period from 1 June 2025 to 13 July 2025. Obsidian may now only elect to
convert convertible securities or request the issue of placement shares on or after 13 July 2025 and
until maturity.
The Company has agreed to issue:
• 1,000,000 fully paid ordinary shares in the Company to Obsidian Global GP LLC as
consideration for extending the non-conversion period; and
• 750,000 fully paid ordinary shares in the Company to consultant Max Wealthy International
Limited for the facilitation and negotiation of the non-conversion period extension.
(together the “Shares”).
The Shares will rank equally with the existing fully paid ordinary shares on issue and will be issued
without shareholder approval utilising the Company’s existing capacity under Listing Rule 7.1. The
Shares are expected to be quoted on or around Wednesday, 11 June 2025.
Please refer to the ASX announcement dated 27 March 2025 for the terms of the Convertible Note.
The Board would like to thank Obsidian Global GP, LLC for its ongoing support of the
Company.
Authorised on behalf of the Board of Directors.
Shanthar Pathmanathan
Executive Chairman
Chariot Corporation Ltd
Level 5, 191 St Georges Terrace Perth WA 6000
chariotcorporation.com
ABN 13 637 559 847
1
About Chariot
Chariot Corporation Limited is a mineral exploration company focused on discovering and developing
high-grade and near surface lithium opportunities in the United States. Chariot has twelve (12) lithium
projects, including two core projects (the “Core Projects”) and a number of exploration pipeline
projects which Chariot majority owns and operates. The Core Projects include Chariot’s flagship Black
Mountain Project (which is prospective for hard rock lithium) in Wyoming, USA and the Resurgent
Project (which is prospective for claystone lithium) in Nevada and Oregon, USA. Initial survey results
from the Core Projects indicate high-grade lithium mineralisation at surface.
Chariot holds an interest in six exploration pipeline projects located in Wyoming, USA, including, the
Copper Mountain Project, the South Pass Project and four other hard rock lithium projects.
Chariot also holds an interest in applications for seven (7) exploration licences in the highly prospective
Southern Cross Greenstone Belt, Western Australia. The Southern Cross Greenstone Belt, one of
Western Australia’s most significant gold-producing regions with over 150 mines, is now emerging as
a key region for LCT pegmatites.
Chariot holds an interest in a hard rock lithium project in Zimbabwe. The Zimbabwe project licences
are in the process of being relinquished.
In addition, Chariot holds a portfolio interest in certain properties prospective for claystone hosted
lithium located in the State of Nevada in the United States through its interest in Mustang Lithium LLC.
Level 5, 191 St Georges Terrace Perth WA 6000
chariotcorporation.com
ABN 13 637 559 847
2
Share your feedback
Discover