Brief: Sayona Mining Says To Merge With Piedmont Lithium

Elevra Lithium

19/11/2024 04:17

Nov 19 (Reuters) - Sayona Mining  SYA.AX :
    * ASX ALERT-SAYONA AND PIEDMONT LITHIUM TO MERGE,PLL-SYA.AX
    * TRANSACTION WILL RESULT IN AN APPROXIMATE 50% / 50% EQUITY
HOLDING OF SHAREHOLDERS OF SAYONA AND PIEDMONT LITHIUM
    * SAYONA IS UNDERTAKING A CAPITAL RAISE OF APPROXIMATELY
A$40
MILLION
    * PIEDMONT WILL BE UNDERTAKING A PROPOSED CAPITAL RAISE OF
ABOUT
US$27 MILLION

Further company coverage:  SYA.AX   PLL.O 

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