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27.05.2020 – 07:46

European Lithium Limited

EANS-News: European Lithium Limited
Response to ASX Aware Query - ATTACHMENT

  Corporate news transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is responsible for the content of this announcement.

Company Information

West Leederville - Query letter dated May 27, 2020
I refer to your query letter dated 27 May 2020. Capitalized terms have the
meaning given in your letter.
Below are ASX's queries and EUR's responses:
|1. Does EUR consider the Talaxis Agreement to be information that a reasonable|
|person would expect to have a material effect on the price or value of its    |


EUR is of the view that a reasonable person would not expect the Talaxis
Agreement to, at the time EUR became aware of the Talaxis Agreement, have a
material effect on the price or value of its securities.
Talaxis has been engaged by the Company on a non-exclusive and best endevours
basis to "assist EUR in managing and establishing commercial relationships and
contract negotiations including establishing, liaising and maintaining
relationships with strategic partners, such as debt and equity financiers,
government / EU grant providers / financing programs, offtake partners,
logistics partners, and EPCM partners and management assistance with contract
negotiations on key transactions and continued support post transaction /
relevant agreement ".
As outlined in the Announcement, Talaxis will be remunerated in the form of a
capital introduction fee on successful debt or equity raising as well as
performance shares based on significant milestones relating to capital raising
initiatives and market capitalization hurdles that need to be achieved
At the time of releasing the announcement, Talaxis has not successfully
completed a debt or capital raising on behalf of EUR. For this reason, EUR did
not consider the Talaxis Agreement to be information that a reasonable person
would expect to have a material effect on the price or value of EUR's
|3. When did EUR first become aware of the Talaxis Agreement? In answering this|
|question, please specifically address:                                        |
|3.1 When did EUR, Talaxis and their respective representatives commence       |

Talaxis was introduced, and negotiation managed, by corporate advisory firm
Empire Capital Partners (Empire).
Empire has a long-term relationship and association with both the Noble group
and Talaxis. By way of background, EUR was first in contact with Talaxis in
October 2018. In addition, EUR's Non-Executive Chairman, Mr Sage, met with
Talaxis in Singapore in 2019 during a business trip.
Mr Sage, approached Empire to arrange a funding partner for EUR. On 5 May 2020,
EUR entered into a mandate with Empire in response to this request. Empire then
approached Talaxis and introduced the idea of

Further inquiry note:

end of announcement                         euro adhoc

Attachments with Announcement:
issuer:       European Lithium Limited
              Harrogate Street 32
              AU-WA6007 West Leederville
phone:        +61 8 6181 9792
ISIN:         AU000000EUR7
stockmarkets: Frankfurt, Wien
language:     English 

Original content of: European Lithium Limited, transmitted by news aktuell