DJ European Lithium Limited Capital Raising for European Lithium
RNS Number : 6733Y
European Lithium Limited
10 May 2019
European Lithium Ltd
("European Lithium", "EUR" or "the Company")
Capital Raising for European Lithium
European Lithium Limited (ASX:EUR, FRA:PF8, VSE:ELI, NEX: EUR)(the Company) is pleased to announce that it will be undertaking a placement, mainly to European based sophisticated investors, at an issue price of $0.09 per share to raise proceeds of up to EUR1.5million (before expenses) (Placement). The funds raised will be used towards the DFS at the Company's Wolfsberg Lithium Project located in Austria.
The Company will use its capacity under ASX listing rule 7.1 to issue shares under the Placement. The company will issue and allot shares as the funds are banked over the next 3 weeks.
The full ASX announcement can be seen at: https://www.asx.com.au/asx/share-price-research/company/EUR
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The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014
Visit the Company's website to find out more about the advanced Wolfsberg Lithium Project located in Austria.
For further information please contact:
European Lithium Ltd +61 861 819 792 Tony Sage firstname.lastname@example.org NEX Corporate Adviser +44 207 220 1666 James Joyce James Sinclair-Ford
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(END) Dow Jones Newswires
May 10, 2019 05:02 ET (09:02 GMT)