Brief: Piedmont Lithium And Sayona Mining To Merge In All-Stock Merger With 50% / 50% Ownership Split

Elevra Lithium

19/11/2024 04:47

Nov 18 (Reuters) - Piedmont Lithium Inc  PLL.O :
    * PIEDMONT LITHIUM AND SAYONA MINING TO MERGE
    * PIEDMONT LITHIUM INC - ALL-STOCK MERGER WITH 50% / 50%
OWNERSHIP
SPLIT
    * PIEDMONT LITHIUM INC - TO RAISE ~US$27 MILLION, SAYONA TO
RAISE
A$40 MILLION
    * PIEDMONT LITHIUM INC - EQUITY RAISINGS AGGREGATE TO
APPROXIMATELY US$99 MILLION
    * PIEDMONT LITHIUM INC - LUCAS DOW TO BECOME CEO OF MERGECO,
KEITH
PHILLIPS TO BE STRATEGIC ADVISOR
    * PIEDMONT LITHIUM INC - TRANSACTION RESULTS IN 50% / 50%
EQUITY
HOLDING POST-MERGER

Source text:  ID:nBw7YQlKqa 
Further company coverage:  PLL.O 

 ((Reuters.Briefs@thomsonreuters.com;))