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INFINITY METALS LIMITED — Share Issue/Capital Change 2022
Nov 30, 2022
65127_rns_2022-11-30_12da42bb-3ad0-4c98-812a-182d3146fc02.pdf
Share Issue/Capital Change
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NOTICE UNDER SECTION 708A
An Appendix 2A was released on 1 December 2022 for the issue of a total of 6,891,918 fully paid ordinary shares as a result of the exercise of unlisted options exercisable at $0.12 expiring 30 November 2022 and for the issue of a total of 3,333,334 fully paid ordinary shares as a result of the exercise of unlisted options exercisable at $0.09 expiring 30 November 2022. (‘ The Securities’ ).
The Company gives notice pursuant to Section 708A (5)(e) of the Corporations Act that:
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(a) The Securities were issued without disclosure under Part 6D(2) of the Corporations Act.
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(b) The Company, as at the date of this notice, has complied with the provisions of Chapter 2M of the Corporations Act and Section 674 of the Corporations Act.
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(c) There is no excluded information to be disclosed for the purposes of Section 708A (7) and (8) of the Corporations Act.
Yours Sincerely
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Jonathan Whyte
Company Secretary
The announcement was authorised by the Managing Director. For further inquiries please contact.
Ryan Parkin Lucas Robinson CEO, Managing Director Investor Relations Manager T: +61 (8) 6146 5325 T: +61 (0)408 228 889 E: [email protected] E: [email protected]
About Infinity Lithium
Infinity Lithium is an Australian listed minerals company who is seeking to develop its 75% owned San José Lithium Project in Spain. The proposed fully integrated industrial Project is focused on the production of battery grade lithium chemicals from a mica feedstock that represents the EU’s 2nd largest JORC compliant hard rock lithium deposit.
The Company is contesting the cancellation of Investigation Permit Valdeflorez (‘PIV’) and has lodged a contentious-administrative appeal. The Company strongly disputes the basis of the decision of the cancellation of PIV and retains all legal rights against the Junta of Extremadura. Infinity retains subsequent rights of applications over and including the PIV area through other applications. These are summarised in the ASX announcement 19 July 2021.
The Project would provide an essential component in the EU’s development of a vertically integrated lithium-ion battery supply chain. The availability of critical raw materials and the production of battery grade lithium hydroxide in the EU is essential to ensure the long-term production of lithium-ion batteries for electric mobility and the transition of the EU’s automotive industry towards electric vehicles.