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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Atlantic Lithium Limited | LSE:ALL | London | Ordinary Share | AU0000237554 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.45 | 2.25% | 20.45 | 20.45 | 20.50 | 20.50 | 19.94 | 20.45 | 710,032 | 16:28:57 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Iron Ores | 0 | -12.19M | -0.0200 | -10.23 | 124.59M |
TIDMALL
RNS Number : 5467N
Atlantic Lithium Limited
01 June 2022
1 June 2022
Corporate Update
Issue of Equity - Exercise of Warrants & Options
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 1,944,714 ordinary shares of no par value each in the Company ("Ordinary Shares") at a price of 12 pence per share as a result of:
- the exercise of 500,000 unlisted ESOP options (granted on 25(th) June 2020) - the exercise of 1,444,714 unlisted broker warrants (granted on 25(th) June 2020)
Application will be made for the 1,944,714 Ordinary Shares to be admitted to trading on AIM and admission is expected to take place on or around 09 June 2022 ("Admission").
On Admission of the 1,944,714 Ordinary Shares to trading the issued share capital of the Company will comprise 580,041,660 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: +61 2 8072 0640 Neil Herbert (Executive Chairman) Amanda Harsas (Finance Director and Company Secretary) www.atlanticlithium.com.au atlantic@yellowjerseypr.com SP Angel Corporate Finance LLP Tel: +44 (0)20 3470 0470 Nominated Adviser Jeff Keating Charlie Bouverat Canaccord Genuity Limited Tel: +44 (0) 20 7523 4500 Joint Company Broker Raj Khatri James Asensio Harry Rees Liberum Capital Limited Tel: +44 (0) 20 3100 2000 Joint Company Broker Scott Mathieson Edward Thomas Kane Collings SI Capital Limited Tel: +44 (0) 1483 413 Joint Company Broker 500 Nick Emerson Tel: +44 (0) 207 871 4038 Jon Levinson Yellow Jersey PR Limited Tel: +44 (0)20 3004 9512 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, based on the updated Scoping Study dated 7 December 2021, indicating Life of Mine revenues exceeding US$3.4bn and set to produce a premium lithium product.
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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(END) Dow Jones Newswires
June 01, 2022 08:00 ET (12:00 GMT)
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