REG - European Lithium Ltd - Capital Raising for European Lithium

European LithiumAnnouncement

10/05/2019 10:05

RNS Number : 6733Y
European Lithium Limited
10 May 2019
 


European Lithium Ltd
("European Lithium", "EUR" or "the Company")
Capital Raising for European Lithium
European Lithium Limited (ASX:EUR, FRA:PF8, VSE:ELI, NEX: EUR)(the Company) is pleased to announce that it will be undertaking a placement, mainly to European based sophisticated investors, at an issue price of $0.09 per share to raise proceeds of up to €1.5million (before expenses) (Placement). The funds raised will be used towards the DFS at the Company's Wolfsberg Lithium Project located in Austria.
 
The Company will use its capacity under ASX listing rule 7.1 to issue shares under the Placement. The company will issue and allot shares as the funds are banked over the next 3 weeks.
 
The full ASX announcement can be seen at: https://www.asx.com.au/asx/share-price-research/company/EUR
 
- END -
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014
Visit the Company's website 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


info@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
 
 
NEXKMGMKRGRGLZG