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LOYAL METALS LTD — Capital/Financing Update 2022
Dec 15, 2022
65244_rns_2022-12-15_1dc703e9-7f7b-4c28-a016-ad3f4b215ffd.pdf
Capital/Financing Update
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ASX Announcement | 16 December 2022
Cleansing Statement - Notice Pursuant to Section 708A(5)(e) of the Corporations Act
Loyal Lithium Limited ( ASX:LLI ) ( Loyal Lithium or the Company ) gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (Corporations Act) as follows:
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a) The Company has issued:
- (a) 5,750,000 fully ordinary paid shares ( Shares ) in the Company at an issue price of $0.40 per Share, following the completion of Tranche 2 of a placement to sophisticated investors as announced in the ASX release dated 27 October 2022 and approved by shareholders on 12 December 2022
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b) The Shares rank pari passu with existing Loyal Lithium ordinary shares.
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c) The Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act.
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d) As at the date of this notice, the Company has complied with:
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the provisions of Chapter 2M of the Corporations Act, as they apply to the Company; and
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Section 674 of the Corporation Act.
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e) As at the date of this notice, there is no 'excluded information' (within the meaning of sections 708A(7) and 708A(8) of the Corporations Act) required to be disclosed under section 708A(6)(e) of the Corporations Act.
The Appendix 2A’s reflecting the revised capital structure following the issue of the above securities were released on 16 December 2022.
For and on behalf of Loyal Lithium Limited
Ian Pamensky Company Secretary
Approved by the board of Loyal Lithium Limited.
For more information:
Adam Ritchie
Chief Executive Officer [email protected] +61 (0) 403 462 383
Jane Morgan
Investor & Media Relations [email protected] + 61 (0) 405 555 618
A: 5/10 Johnston St,
ASX Code: LLI ACN : 644 564 241 www.loyallithium.com
Peppermint Grove WA, 6011 P: (08) 6245 2490 E: [email protected]
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About Loyal Lithium
Loyal Lithium Limited (ASX: LLI) is a well-structured listed resource exploration company with projects in Tier 1 North American mining jurisdictions in Nevada, USA and the James Bay Lithium District in Quebec, Canada. Through the systematic exploration of its projects, the Company aims to delineate JORC compliant resources.
A: 5/10 Johnston St,
ASX Code: LLI ACN : 644 564 241 www.loyallithium.com
Peppermint Grove WA, 6011 P: (08) 6245 2490