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Lithium Australia NL to get priority for shareholders in upcoming IPO

Adrian Griffin, managing director, commented: "Lithium Australia has maintained a policy of creating real value for shareholders."

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MetalsTech has an interest in six lithium projects.

Lithium Australia NL (ASX:LIT) will give its shareholders priority in the upcoming proposed MetalsTech Ltd initial public offering.

MetalsTech has an interest in six lithium projects located in Quebec, Canada.

Shareholders on the Lithium Australia register as of today will be able to bid for up to 5 million shares set aside on a first come, first served basis.

Allocations will be subject to availability and the MetalsTech directors’ absolute discretion.

Adrian Griffin, managing director, commented: "Lithium Australia has maintained a policy of creating real value for shareholders.

"The MetalsTech priority offer gives Lithium Australia shareholders a priority entitlement to gain exposure to one of the great hard rock lithium provinces – Quebec Canada – which is emerging as a principal building block in the supply chain for the ‘lithium revolution’."

Quick facts: Lithium Australia NL

Price: 0.13 AUD

ASX:LIT
Market: ASX
Market Cap: $116.63 m
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