Brief: Global Lithium Resources Agrees To Acquire 100% Of Manna Project

Global Lithium Resources

25/10/2022 24:01

Oct 25 (Reuters) - Global Lithium Resources Ltd
 GL1.AX :
    * GL1 AGREES TO ACQUIRE 100% OF MANNA PROJECT AND UPDATE
    * AGREES TO ACQUIRE 100% OF MANNA PROJECT
    * ACQUISITION CONSIDERATION OF A$60 MILLION CASH FOR A 100%
INTEREST IN MANNA LITHIUM PROJECT
    * LAUNCHED UNDERWRITTEN INSTITUTIONAL PLACEMENT TO RAISE UP
TO
APPROXIMATELY A$111.4 MILLION
    * PLACEMENT AND SPP ISSUE PRICE OF A$2.25 PER SHARE
    * PROCEEDS FROM PLACEMENT AND SPP TO BE APPLIED TOWARDS
MANNA
TRANSACTION, AMONG OTHERS

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