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European Lithium takes advantage of positive share re-rating

The halt will remain in place until Wednesday 7th December 2017.
European Lithium takes advantage of positive share re-rating
The company's shares are in pre-open

European Lithium Ltd (ASX:EUR) has been one of the best performing stocks on the ASX over the past month, gaining 500% to $0.29.

The company is progressing a pre-feasibility study for its Wolfsberg Lithium Project located in Austria.

Tony Sage, chairman, has also been increasing his stake in the company.

READ: European Lithium chairman Tony Sage increases shareholding further

European Lithium is now taking the opportunity to boost its cash position through a capital raising, and the ASX has granted a trading halt to prepare.

The halt will remain in place until the opening of trade on Thursday 7th December 2017, or earlier if an announcement is made to the market.

View full EUR profile View Profile

European Lithium Ltd Timeline

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