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LIVIUM LTD — Capital/Financing Update 2016
Aug 2, 2016
65239_rns_2016-08-02_6bda5ebb-446f-4961-9a1e-15e7c070c62c.pdf
Capital/Financing Update
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ACN: 126 129 413 ASX: LIT Level 1 675 Murray St West Perth WA 6005 PO Box 1088 West Perth WA 6872
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3 August 2016
ASX ANNOUNCEMENT
Proposed IPO of LiGeneration Ltd
LIT is pleased to announce its Canadian alliance with LiGeneration Limited (LiGeneration). LIT has provided seed capital for LiGeneration which is planning an ASX IPO before the year-end. LIT shareholders will be offered a priority entitlement to IPO share subscriptions in the LiGeneration float. Further details will be released as they become available.
LIT will be a significant shareholder and provide technical and administrative support to LiGeneration.
LiGeneration’s principle assets are lithium pegmatites in Quebec, Canada. LiGeneration owns 100% interest of the Whabouchi Southwest and Southeast lithium projects, which cover an area of more than 14,000 ha in three separate project areas, neighboring the world-class Nemaska Lithium Whabouchi Mine which boasts ‘the second largest and richest global lithium reserve’ - (http://www.nemaskalithium.com/en/investors/corporate presentation/ ). LiGeneration also owns 100% of the Wells-Lacourciere lithium project which has undergone historical exploration consisting of trenching and bulk sampling returning assay results of between 2.87% Li20 and 4.0% Li20.
Consistent with LIT’s strategy of generating projects and matching processing technologies, LIT also advises that it has lodged a provisional application for an Australian patent with a corresponding trademark in relation to a caustic digestion process which has been entitled LieNA.
LIT also confirms that it has received funds to fully pay up the remaining two holdings in the LITCD series. Once the funds have cleared and the corresponding shares issued, LIT will make application to ASX for the current series of unlisted partly paid shares to become listed. An Appendix 3B will be issued when appropriate.
Adrian Griffin
Managing Director Mobile +61 (0) 418 927 658 [email protected]
LIT is a dedicated developer of disruptive lithium extraction technologies. LIT has strategic alliances with a number of companies, potentially providing access to a diversified lithium mineral inventory. LIT aspires to create the union between resources and the best available technology and to establish a global lithium processing business.
MEDIA CONTACT: Adrian Griffin Lithium Australia NL Kevin Skinner Field Public Relations
08 6145 0288 | 0418 927 658 08 8234 9555 | 0414 822 631