Sign up Australia
Proactive Investors - Run By Investors For Investors

Lithium Australia extends opportunity to access IPO of BlackEarth Minerals

Lithium Australia will be a substantial shareholder of BlackEarth Minerals.
Lithium Australia extends opportunity to access IPO of BlackEarth Minerals
Lithium Australia is developer of disruptive lithium extraction technologies

Lithium Australia NL (ASX:LIT) is creating value from a non-core asset, by selling its graphite assets into the pending IPO of BlackEarth Minerals NL.

BlackEarth has lodged a prospectus to raise a minimum of $4.5 million and a maximum of $6 million.

The prospectus exposure period has been extended to the 22nd November 2017.

Allocation to Lithium Australia shareholders

There have been 5 million $0.20 shares allocated and made available to those Lithium Australia shareholders registered on the 14th November 2017, collectively on a priority application basis.

The offer includes for every two shares, a partly paid share will be allocated, paid to $0.0001, unpaid to $0.2499.

The minimum subscription is 10,000 shares valued at $2000.

View full LIT profile View Profile

Lithium Australia NL Timeline

Related Articles

project area
October 10 2018
The company has identified extensive copper-nickel-cobalt mineralisation at the Mt Venn Project outlined over several kilometres.
1539311825_azm-ghana-map-jpg-757.jpg
October 12 2018
The company is working with Ibaera Capital to develop its project and bring it into production.
1533209631_Shefa-Yamim---Kishon-River.jpg
August 02 2018
Shefa Yamim has a highly prospective gemstone project in Israel

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use