European Lithium Restricted (ASX:EUR, FRA:PF8) (EUR or the Firm) is happy to announce that it has obtained commitments to lift A$6.5 million by a placement to stylish buyers at $0.0625 per share (Placement Shares). Buyers may even be issued one listed choice (ASX: EUROA) (train value $0.075, expiring 19 April 2024) for each 2 shares …
European Lithium Restricted (ASX:EUR, FRA:PF8) (EUR or the Firm) is happy to announce that it has obtained commitments to lift A$6.5 million by a placement to stylish buyers at $0.0625 per share (Placement Shares). Buyers may even be issued one listed choice (ASX: EUROA) (train value $0.075, expiring 19 April 2024) for each 2 shares issued (Placement Choices).
Funds raised will likely be used to fund the DFS on the Companys Wolfsberg Lithium Mission, for normal exploration functions and dealing capital.
Placement Shares and Placement Choices will likely be issued with out shareholder approval counting on the Firm’s capability underneath Itemizing Rule 7.1 and seven.1A.
EUR Chairman Tony Sage commented, “It’s unbelievable to get help from institutional buyers and to even have the funds essential to finalise the DFS. Each the drilling and metallurgical work is sort of full and the outcomes will likely be out there in September”.
The location is lead managed by Evolution Capital Advisors Pty Ltd (Evolution). Evolution will likely be paid 6% of the quantity raised, be issued 20,000,000 EUROA listed choices, and be issued 2,000,000 totally paid atypical shares.
This announcement has been authorised for launch to the ASX by the Board of the Firm.
Click on right here for the complete ASX launch