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

1540234517_shutterstock_562184023.jpg
October 23 2018
The company is the maker of the product Super Greensand - a multi -nutritional fertilzer, which contains 70 elements and trace minerals
1537437472_NissanLeaf.jpg
September 20 2018
Kodal Minerals is moving rapidly to work up the Bougouni project in Mali
The Toral project
October 31 2018
Since June, the company has achieved an increase in the Toral project's inferred resource estimate, completion of the Phase 1 RC drilling programme and commencement of a Phase 2 diamond infill drill programme, a successful re-logging exercise of historic core to provide valuable additional data and sustained progress on the preparation of the initial scoping study

© Proactive Investors 2019

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