viewLithium Australia NL

Lithium Australia shareholder pays balance on 1 million LITCF partly paid shares

This transaction provided proceeds of $49,400, taking total funds raised this month through the conversion of LITCF shares to almost $730,000.

Lithium Australia NL - Lithium Australia shareholder pays balance on 1 million LITCF partly paid shares
The company seeks to vertically integrate lithium extraction, processing and recycling.

Lithium Australia NL (ASX:LIT) (OTCMKTS:LMMFF) (FRA:3MW) has raised another $49,900 with a shareholder fully paying the balance on a further 1 million LITCF partly paid ordinary shares in the capital of the company.

The shareholder paid $0.0499 for each LITCF and the 1 million LITCF shares have now become fully paid ordinary shares with a further 114,234,041 LITCF remaining on issue.

A statement will be issued shortly to that shareholder who paid all outstanding amounts on their LITCFs. LIT has requested that the ASX change the designation of these shares to the ASX code LIT.

This is the latest in a number of these transactions this month with a total value of almost $730,000.

Last week shareholders fully paid the balance on 3.877 million LITCF shares at the same price for total consideration of $193,462.

On December 14 and 15 shareholders fully paid the balance unpaid on 9.75 million LITCF partly paid ordinary shares for total consideration of $486,525.

Quick facts: Lithium Australia NL

Price: 0.135 AUD

Market: ASX
Market Cap: $109.5 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Lithium Australia NL named herein, including the promotion by the Company of Lithium Australia NL in any Content on the Site, the Company...


Lithium Australia outlines deal to sell 80% stake in Greenbushes South...

Lithium Australia NL's (ASX:LIT) (FRA:3MW) Adrian Griffin talks Proactive's Andrew Scott through an acquisition and joint venture agreement they've entered into with Galan Lithium Ltd (ASX:GLN) (FRA:9CH) for the sale of its 80% interest in the Greenbushes South lithium project. He says...

4 days, 16 hours ago

2 min read