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Lithium Australia shareholders fully pay for 4.3 million LITCF shares raising another $210,000

It also received more than $1 million from the Australian Taxation Office over its refundable R&D tax offset claim

Lithium Australia NL - Lithium Australia shareholders fully pay for 4.3 million LITCF shares raising another $210,000
A total of $939,000 has been raised so far since mid-December 2020 from shareholders fully paying the unpaid balance LITCFs

Lithium Australia NL (ASX:LIT) (OTCMKTS:LMMFF) (FRA:3MW) has raised another $210,000 after its shareholders fully paid the balance on a further 4.2 million LITCF partly paid ordinary shares in the capital of the company. 

The shareholders paid $0.0499 for each LITCF and the 4.2 million LITCF shares have now become fully paid ordinary shares with a further 110,034,041 LITCF remaining on issue. 

$939,000 raised so far

A statement will be issued shortly to shareholders who paid all outstanding amounts on their LITCFs.

Lithium Australia has requested that the ASX change the designation of the 4.2 million shares to the ASX code 'LIT'.

A total of $939,000 has been raised so far since mid-December 2020 from shareholders fully paying the unpaid balance on 18.83 million LITCFs.

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.

Only last week, the company raised $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.

Also in December, shareholders fully paid the balance on 3.877 million LITCF shares at the same price for a 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 $486,525.

2020 tax refund payments

The Australian Taxation Office (ATO) has processed refund payments totalling $1.23 million, of which $160,000 remains outstanding, but is expected to be received shortly.

This payment pertains to company’s refundable R&D tax offset claim for the financial year ended June 30, 2020.

Quick facts: Lithium Australia NL

Price: 0.135 AUD

ASX:LIT
Market: ASX
Market Cap: $109.5 m
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