Dona Ferentes
A little bit OC⚡DC
- Joined
- 11 January 2016
- Posts
- 15,080
- Reactions
- 20,447
....and that undignified rush to the exit
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Highlights
• 1 for 4 renounceable rights issue to raise up to $5.7 million, partially underwritten to $2.0 million
• Attractively priced at 0.3 cents per share
• Discount of 25% to previous closing price and 44% to the 30 day volume weighted share price
• With every two new shares, shareholders will receive one free attaching option
• New options will be listed, have an exercise price of 0.9 cents and a 30 month term
• Shareholders can trade their rights and apply for additional shares and options
• Rights to start trading from 09 April 2024
• Eligible Directors intend to participate in the Offer
• Funds will be used to complete the arrangement of financing for the integrated Phase 1 Project including lender due diligence and securing a strategic partner; to thereby transition Phase 1 into construction and position it as an early mover for this new lithium price cycle
• Lepidico’s near term strategic imperatives are to secure a strategic partner for the integrated Phase 1 Project to allow lenders to re-start and finalise their due diligence; in parallel business development activities involve collaboration on the identification and development of potential new large scale lithium mica deposits.
NH
.
Highlights
• 1 for 4 renounceable rights issue to raise up to $5.7 million, partially underwritten to $2.0 million
• Attractively priced at 0.3 cents per share
• Discount of 25% to previous closing price and 44% to the 30 day volume weighted share price
• With every two new shares, shareholders will receive one free attaching option
• New options will be listed, have an exercise price of 0.9 cents and a 30 month term
• Shareholders can trade their rights and apply for additional shares and options
• Rights to start trading from 09 April 2024
• Eligible Directors intend to participate in the Offer
• Funds will be used to complete the arrangement of financing for the integrated Phase 1 Project including lender due diligence and securing a strategic partner; to thereby transition Phase 1 into construction and position it as an early mover for this new lithium price cycle
• Lepidico’s near term strategic imperatives are to secure a strategic partner for the integrated Phase 1 Project to allow lenders to re-start and finalise their due diligence; in parallel business development activities involve collaboration on the identification and development of potential new large scale lithium mica deposits.
NH
