Atlantic Lithium Limited Corporate Update - Issue of Equity (8613K)

TIDMALL

RNS Number : 8613K

Atlantic Lithium Limited

10 May 2022

10 May 2022

Corporate Update

Issue of Equity - Exercise of Warrants

The Board of Atlantic Lithium Limited (AIM: ALL, OTC: ALLIF, "Atlantic Lithium" or the "Company"), the African focused lithium exploration and development company, wishes to advise of the allotment and issue of 1,352,700 Ordinary Shares at a price of 30 pence per share as a result of the exercise of unlisted broker warrants.

Application will be made for the 1,352,700 Ordinary Shares to be admitted to trading on AIM and admission is expected to take place on or around 17 May 2022 ("Admission").

On Admission of the 1,352,700 Ordinary Shares to trading the issued share capital of the Company will comprise 578,096,946 Ordinary Shares. When calculating voting rights, shareholders should use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.

For any further information, please contact:

 
Atlantic Lithium Limited                      Tel: [phone] 
 Neil Herbert (Executive Chairman) 
 Amanda Harsas (Finance Director and Company 
 Secretary) 
 www.atlanticlithium.com.au 
 [e-mail] 
 
SP Angel Corporate Finance LLP                Tel: [phone] 
 Nominated Adviser 
 Jeff Keating 
 Charlie Bouverat 
 
  Canaccord Genuity Limited                     Tel: [phone] 
  Joint Company Broker 
  Raj Khatri 
  James Asensio 
  Harry Rees 
 
  Liberum Capital Limited                       Tel: [phone] 
  Joint Company Broker 
  Scott Mathieson 
  Edward Thomas 
  Kane Collings 
 
  SI Capital Limited                            Tel: [phone] 
  Joint Company Broker                          500 
  Nick Emerson                                  Tel: [phone] 
  Jon Levinson 
 
Yellow Jersey PR Limited                      Tel: [phone] 
 Henry Wilkinson 
 Dominic Barretto 
 James Lingfield 
 

Notes to Editors:

About Atlantic Lithium

www.atlanticlithium.com.au

Atlantic Lithium (formerly "IronRidge Resources") is an AIM-listed lithium company advancing a portfolio of projects in Ghana and Côte d'Ivoire through to production.

The Company's flagship project, the Ewoyaa Project in Ghana, is a significant lithium pegmatite discovery on track to become West Africa's first lithium producing mine. The project is fully funded to production under an agreement with Piedmont Lithium for US$102m and set to produce a premium lithium product. A robust update Scoping Study indicates Life of Mine revenues exceeding US$3.4bn.

Atlantic Lithium holds a 560km(2) & 774km(2) tenure across Ghana and Côte d'Ivoire respectively, comprising significantly under-explored, highly prospective licenses.

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May 10, 2022 03:40 ET (07:40 GMT)