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IGO LIMITED — Capital/Financing Update 2021
Jan 7, 2021
65111_rns_2021-01-07_1d6bb298-a230-42f8-afa3-63740e3820ce.pdf
Capital/Financing Update
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MARKET UPDATE
IGO Limited (ASX: IGO) ( IGO or the Company ) is pleased to provide the following update with regard to the recently announced transaction with Tianqi Lithium Corporation ( Tianqi ) and the Company’s ongoing strategic review of its 30% ownership of the Tropicana Gold Operation.
Tianqi Lithium Joint Venture
Further to the Company’s announcement of 9 December 2020 regarding the acquisition by IGO of an interest in a global lithium joint venture with Tianqi, the Company is pleased to confirm that Tianqi received approval for the transaction with IGO from its shareholders on 5 January 2021. Of the shareholders present and entitled to vote at the Tianqi shareholder meeting 99.97% voted in favour of the transaction between Tianqi and IGO, a strong validation of the “win-win” the transaction has created for the shareholders of both companies.
Peter Bradford, IGO’s Managing Director and CEO said: “ The resounding vote of support which Tianqi has received from its shareholders further validates the value creation from this transaction for the shareholders of both companies. Tianqi and IGO continue to progress the completion workstreams and we will provide further updates to the market as the remaining conditions precedent required to complete the transaction are progressed .”
Tropicana Strategic Review
IGO advises that the strategic review of the Company’s 30% interest in the Tropicana Operation is ongoing and will update the market on the outcome when it is appropriate to do so.
Name of Director or Secretary authorising lodgement: Peter Bradford Managing Director & CEO
INVESTOR AND MEDIA ENQUIRIES:
Richard Glass Investor Relations and Communications Manager T: +61 8 9238 8300 E: [email protected]
Suite 4, Level 5 PO Box 496 85 South Perth Esplanade South Perth WA 6951 South Perth WA 6151 Western Australia
T. +61 8 9238 8300 F. +61 8 9238 8399 E. [email protected]
igo.com.au IGO Limited ABN 46 092 786 304
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