Lithium Power International Announces Fully Underwritten A$35.6M Funding Package | Finance News Network

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Lithium Power International Announces Fully Underwritten A$35.6M Funding Package

Highlights

• LPI completes heavily oversubscribed A$15m underwritten Placement and announces underwritten ~A$20.6m option package.

• LPI is fully funded to complete Maricunga JV earn-in and undertake pre-construction activities prior to a development decision at Maricunga.

Lithium Power International Limited (ASX:LPI) (“LPI” or “the Company”) is pleased to announce the completion of a heavily oversubscribed placement of new fully paid ordinary shares to institutional, existing and new sophisticated investors (“Placement”). The Placement is fully underwritten by Canaccord Genuity (Australia) Limited (“Canaccord”). Canaccord has also agreed to fully underwrite the exercise of all quoted LPIO options which are due to expire this Friday, 24 November 2017.


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