viewLithium Australia NL

Lithium Australia NL closes SPP, thanks loyal shareholders

Lithium Australia NL (ASX:LIT) closed its share purchase plan (SPP) yesterday which had the capacity to raise up to $12.64 million before expenses.

LIT has closed its share purchase plan.

Eligible shareholders were able to acquire between $2,000 and $15,000 worth of fully paid ordinary shares without incurring brokerage or any other transaction costs, irrespective of the size of their shareholding.

The offer was priced at $0.18 and current indications are that shareholders have subscribed to an estimated 15% of the facility available.

Adrian Griffin, managing director, commented: “Lithium Australia recognises it is often difficult for retail investors to take advantage from discounted capital raisings which, in the most part, remain the realm of sophisticated and professional investors. 

“This SPP has given participants the opportunity to buy at a discount to market and without brokerage. It is a continuation of our policy to reward our very supportive and valued shareholder base.

“We appreciate the response from our loyal shareholders.”

Quick facts: Lithium Australia NL

Price: 0.13 AUD

Market: ASX
Market Cap: $116.63 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Lithium Australia NL named herein, including the promotion by the Company of Lithium Australia NL in any Content on the Site, the Company...


Lithium Australia's Envirostream boosting capacity for its battery recycling

Andrew Mackenzie, managing director of Lithium Australia NL (ASX:LIT) (OTCMKTS:LMMFF) (FRA:3MW) subsidiary Envirostream, discusses with Proactive's Andrew Scott the national stewardship scheme for managing end of life batteries and the potential impact it will have on the business as well as...

1 week ago

2 min read