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American Lithium plans share split

Last updated: 04:11 14 Apr 2018 AEST, First published: 23:11 13 Apr 2018 AEST

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Following completion of the share split, the company will have around 35.7mln common shares in issue

American Lithium Corp (CVE:LI)) is to execute a forward share split on the basis of two common shares for every one common share currently outstanding.

The board is of the view that the share split will provide a more attractive capital structure for ongoing financing efforts.

Following completion of the share split, the company will have around 35.7mln common shares outstanding.

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