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European Lithium wraps up first tranche of placement for Wolfsberg Lithium

European Lithium is the first Australian company to also be listed in Austria.
European Lithium wraps up first tranche of placement for Wolfsberg Lithium
The company is focused on the Wolfsberg Lithium Project

European Lithium Ltd (ASX:EUR, FRA:PF8, VSE:ELI) has completed the first tranche of its placement and has issued 28.75 million shares at $0.05 to raise circa $1.4 million before expenses.

The company undertook the placement to sophisticated and professional investors as the most expedient mechanism for raising funds in a timely manner.

The funds raised will be used towards finalising the pre-feasibility study at the company’s Wolfsberg Lithium Project located in Austria, which hosts resource of 10.98 million tonnes at 1% lithium oxide.

Recently, European Lithium became the first Australian company to be admitted to the Vienna Stock Exchange (VSE) in Austria.

READ NOW: European Lithium makes history with dual-listing

The listing increases exposure to European investors.

View full EUR profile View Profile

European Lithium Ltd Timeline

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