✅The intersection of Chile, Bolivia, and Argentina make up the region known as the Lithium Triangle. ✅The Lithium Triangle is known for its high quality salt flats including Bolivia’s Salar de Uyuni, Chile’s Salar de Atacama, and Argentina’s Salar de Arizaro. ✅The Lithium Triangle is believed to contain over 75% of existing known lithium reserves. ✅Half the world’s known reserves are located in Bolivia along the central eastern slope of the Andes range. ✅Exploration and prospection of Lithium at several other specific sites like in Afghanistan, US etc is being carried out.
✅The intersection of Chile, Bolivia, and Argentina make up the region known as the Lithium Triangle. ✅The Lithium Triangle is known for its high quality salt flats including Bolivia’s Salar de Uyuni, Chile’s Salar de Atacama, and Argentina’s Salar de Arizaro. ✅The Lithium Triangle is believed to contain over 75% of existing known lithium reserves. ✅Half the world’s known reserves are located in Bolivia along the central eastern slope of the Andes range. ✅Exploration and prospection of Lithium at several other specific sites like in Afghanistan, US etc is being carried out.
Telegram hopes to raise $1bn with a convertible bond private placement
The super secure UAE-based Telegram messenger service, developed by Russian-born software icon Pavel Durov, is looking to raise $1bn through a bond placement to a limited number of investors from Russia, Europe, Asia and the Middle East, the Kommersant daily reported citing unnamed sources on February 18, 2021.The issue reportedly comprises exchange bonds that could be converted into equity in the messaging service that is currently 100% owned by Durov and his brother Nikolai.Kommersant reports that the price of the conversion would be at a 10% discount to a potential IPO should it happen within five years.The minimum bond placement is said to be set at $50mn, but could be lowered to $10mn. Five-year bonds could carry an annual coupon of 7-8%.
