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LIVIUM LTD — Capital/Financing Update 2019
Jun 12, 2019
65239_rns_2019-06-12_d85cb712-d366-4e6d-a011-10b907a1230f.pdf
Capital/Financing Update
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13 June 2019
RIGHTS TRADING COMMENCES TODAY
• Rights trading commences today under the trading code LITR
Lithium Australia NL (ASX:LIT, LITCE) (“Company”) announced on 11 June 2019 a renounceable rights issue offered on a 1 for 6 basis at $0.06 per share to raise up to $6.5 million (“Rights Issue”) with one attaching listed option (exercise price of $0.12, expiring in 2 years) for every two new shares subscribed for under the Rights Issue.
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The Rights Issue is offered to holders of the Company’s fully and, by reason of their terms, partly paid shares on 14 June 2019 (“Record Date”) with an Australian address (“Eligible Shareholders”). Eligible shareholders can apply for shortfall in excess of their entitlement.
The Company confirms that the rights, the subject of the Company’s Rights Issue, commenced trading today under the ASX ticker, LITR. The LITR rights will continue trading until 21 June 2019
For more information on the Rights Issue, please refer to the ASX Announcement dated 11 June 2019.
Barry Woodhouse
CFO and Company Secretary Mobile +61 (0) 438 674 259 [email protected]
Adrian Griffin
Managing Director Mobile +61 (0) 418 927 658 [email protected]
About Lithium Australia NL
Lithium Australia aspires to 'close the loop' on the energy-metal cycle in an ethical and sustainable manner. To that end, it has amassed a portfolio of projects and alliances and developed innovative extraction processes to convert all lithium silicates (including mine waste) to lithium chemicals. From these chemicals, the Company plans to produce advanced components for the lithium-ion battery industry. The final step for Lithium Australia involves the recycling of spent batteries and e-waste. By uniting resources and the best available technology, the Company aims to establish a vertically integrated lithium processing business.
MEDIA CONTACT:
Adrian Griffin Lithium Australia NL 08 6145 0288 | +61 (0) 418 927 658 Kevin Skinner Field Public Relations 08 8234 9555 | +61 (0) 414 822 631
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ASX ANNOUNCEMENT Lithium Australia