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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.

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