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

Global Lithium Resources

25/10/2022 08:41

Oct 25 (Reuters) - Breaker Resources NL  BRB.AX :
    * GL1 AGREES TO ACQUIRE 100% OF MANNA PROJECT
    * DEAL FOR A$60 MILLION IN CASH
    * INSTITUTIONAL PLACEMENT TO RAISE UP TO ABOUT A$111.4
MILLION
    * TOTAL EQUITY RAISING PROCEEDS OF UP TO APPROXIMATELY
A$121.5
MILLION
    * PROCEEDS FROM PLACEMENT TO BE APPLIED TOWARDS MANNA
TRANSACTION,
EXPLORATION AT MANNA, AMONG OTHERS
    * PLACEMENT AND SPP ISSUE PRICE OF A$2.25 PER SHARE

Source text for Eikon:  ID:nASXyDjcX 
Further company coverage:  BRB.AX 
 (Reporting by Poonam Behura)
 ((Poonam.Behura@thomsonreuters.com;))