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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
European Lithium Ltd | LSE:0J3I | London | Ordinary Share | AU000000EUR7 | EUROPEAN LITHIUM ORD SHS |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 165k | -12.21M | -0.0082 | -6.10 | 74.71M |
TIDMEUR
RNS Number : 7433U
European Lithium Limited
31 July 2020
European Lithium Ltd
("European Lithium", "EUR" or "the Company")
WINANCE FUNDING RECEIVED
European Lithium Limited (ASX:EUR, FRA:PF8, NEX:EUR, VSE:ELI) (EUR or the Company) is pleased to confirm that it has received the balance of the funding of A$1.0m (before expenses) under the A$10m finance facility previously established with Winance Investment LLC ( Winance )(refer ASX Announcement 31 July 2019).
On 5 March 2020, the Company announced that it had agreed to draw down A$2.0m (2,000 convertible notes) under the Winance facility ( Tranche 2 ). The notes were issued on 10 March 2020. However Tranche 2 funding was delayed due to COVID-19, and as a result, the notes were held in escrow pending receipt of funds. On 2 June 2020, the Company announced that it had received A$1.0m under Tranche 2. The Company is very pleased to confirm that the final A$1.0m has been received under Tranche 2 and as a result the final 1,000 notes have been released from escrow.
Tony Sage, Chairman, commented "We are pleased that Winance are continuing to support the Wolfsberg project. We have now drawn down $4m of the $10m facility. We are also pleased that Winance continue to hold their shares in EUR".
Waqas Ibrahim, CFO of Winance, commented "We are as excited now as we were 18 months
ago when we first invested in the Wolfsberg Lithium Project. We are committed to provide continuous support to European Lithium over a long-term".
Full terms of the notes are set out in the Company's notice of annual general meeting announced 8 October 2019.
This announcement has been authorised for release to the ASX by the Board of the Company.
Tony Sage
Non-Executive Chairman
European Lithium Limited
Visit the Company's website (www.europeanlithium.com) 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 ir@europeanlithium.com NEX Corporate Adviser +44 207 220 1666 James Joyce James Sinclair-Ford
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
NEXFIFERDDILVII
(END) Dow Jones Newswires
July 31, 2020 02:59 ET (06:59 GMT)
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