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Lithium Australia extends call date of partly paid shares to March 31

The company is seeking to raise up to $1.71 million by way of a call of 1 cent per share on LITCE partly paid shares, which are due and payable by March 31.

Lithium Australia NL - Lithium Australia extends due date of LITCE partly paid shares
Shareholders can pay the called amount at any time up to the public auction

Lithium Australia NL (ASX:LIT) has extended the due date of a one-cent call on LITCE partly paid shares to March 31 2020.

The company is seeking to raise up to $1.71 million by way of a call of 1 cent per share on LITCE partly paid shares which are now due and payable by March 31.

In the event of non-payment by that time, the LITCE partly paid shares on which the call is made may be forfeited or sold without forfeiture to enforce any lien of the company over them as the directors determine.

Indicative time table

Forfeited LITCE partly paid shares may be offered for sale by public auction within six weeks after the call becomes payable.

Shareholders can pay the called amount at any time up to the public auction.

Quick facts: Lithium Australia NL

Price: 0.046 AUD

ASX:LIT
Market: ASX
Market Cap: $27.85 m
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