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LIVIUM LTD — Capital/Financing Update 2016
May 23, 2016
65239_rns_2016-05-23_fdf365a3-0351-49f6-bc6a-cd2e6db2ccab.pdf
Capital/Financing Update
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24 May 2016
ASX ANNOUNCEMENT
LITHIUM AUSTRALIA ADVISES UPDATE FOR LITCC CALL
HIGHLIGHTS
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ASX CONFIRMS NEW LISTING CODE FOR LISTED PARTLY PAID SHARES
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CALL DUE AND PAYABLE 31 MAY 2016+
Lithium Australia NL (ASX: LIT) wishes to clarify certain details in relation to the call made on 17 May 2016 of $0.02 per share on the quoted partly paid shares (LITCC) to raise at least $3,277.28 (before costs). The quoted partly paid shares are currently paid to $0.021 (unpaid $0.029). The items bolded below are the updated items to the initial announcement.
The indicative timetable ( + ) for the Call is as follows:
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| Event | Date | Date |
|---|---|---|
| Company announces call date and amount | 17 May 2016 | |
| The later of:•The Company sending call notices to all holders on whom the call ismade.•The CompanynotifyingASX of extension of call date(if required) | 17 May 2016 | |
| Last dayfor trading partly paid call unpaid shares | 30 May2016 | |
| Call due and payable – deferred settlement commences (LITCDpaid up to$0.041) | 31 May 2016 | |
| Last dayfor Companyto accept transfers ofpartly paid shares call unpaid | 3 June 2016 | |
| +Issue date. Last day to enter the call paid on the+securities into theregister | 10 June 2016 |
+ Please note that the timetable is subject to change. The Company reserves the right to vary the timetable for the Call without notice, subject to the Corporations Act, ASX Listing Rules and other applicable laws.
Barry Woodhouse
CFO and Company Secretary Mobile +61 (0) 438 674 259 [email protected]
About Lithium Australia NL
LIT is a dedicated developer of disruptive lithium extraction technologies including the versatile Sileach™ process which is capable of recovering lithium from any silicate minerals. LIT has strategic alliances with a number of companies, potentially providing access to a diversified lithium mineral inventory globally.
MEDIA CONTACT:
Adrian Griffin Lithium Australia NL 08 6145 0288 | 0418 927 658 Kevin Skinner Field Public Relations 08 8234 9555 | 0414 822 631