Brief: Novonix, Lithium Energy To Combine Natural Graphite Interests Into New Co Axon Graphite

LE Minerals

02/04/2024 23:59

April 3 (Reuters) - Novonix Ltd  NVX.AX :
    * NOVONIX AND LITHIUM ENERGY TO COMBINE NATURAL GRAPHITE
INTERESTS
WITH INTENTION TO TAKE COMBINED BUSINESS PUBLIC
    * NOVONIX AND LITHIUM ENERGY TO CONTRIBUTE NATURAL GRAPHITE
EXPLORATION INTERESTS INTO NEW CO AXON GRAPHITE
    * SHARES OF AXON TO BE OFFERED THROUGH IPO AND LISTED ON ASX
    * NOVONIX AND LEL EACH WILL RETAIN UP TO 28.57% OWNERSHIP OF
AXON
FOLLOWING PLANNED IPO
    * AXON PROPOSES TO UNDERTAKE ITS IPO TO RAISE MINIMUM OF
A$15
MILLION AND UP TO A$25 MILLION AT AN ISSUE PRICE OF A$0.20 PER
SHARE


Further company coverage:  NVX.AX 

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