Highlights
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Binding commitments received to raise $2.14 million
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Launch of pro-rata Non-Renounceable Entitlement Offer to raise $1.02 million
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Issue price of the Placement and Entitlement Offer is $0.0125 per share
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A total of $3.16 million in capital raising
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Participants in Placement and Entitlement Offer to receive free attaching options
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On the basis of 1 option for every 1 share issued with exercise price of $0.03 and expiry date of 12 January 2026
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Tranche 2 Shares and all Options to be issued under the Placement are subject to shareholder approval
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Funds will mainly be used to complete the Bécancour Lithium Refinery DFS
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Maintains momentum, closer to establishing a lithium refinery in Bécancour
For more information, download the attached PDF.
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