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Lithium Consolidated Announce Non-renounceable Pro-Rata Entitlement Offer & Additional Offer

  • Total equity capital raising of up to $3.2 million
  • 1 for 4 non-renounceable entitlement offer to raise up to $1.2 million
  • Additional Offer to raise up to $2.0 million
  • Offers priced at $0.05 per New Share, including one free attaching $0.05 option
  • Broker support from Southern Cross Financial and Harbury Advisors
Lithium Consolidated Ltd (Li3 or the Company) is pleased to announce a non- renounceable entitlement offer to eligible shareholders of 1 new fully paid ordinary share for every 4 shares held at an issue price of $0.05 per share (New Share), together with 1 free attaching unlisted option exercisable at $0.05 each and expiring on 30 September 2020 (Attaching Option) for every New Share allotted, to raise approximately $1,179,026 (before costs) (Entitlement Offer or Rights Issue).

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