Brief: Lithium Power International To Demerge Its WA Hard Rock Lithium Assets

Lithium Power International

12/01/2022 01:13

Jan 12 (Reuters) - Lithium Power International Ltd  LPI.AX :
    * LPI TO DEMERGE ITS WA HARD ROCK LITHIUM ASSETS
    * LPI TO DEMERGE ITS WA HARD ROCK LITHIUM ASSETS
    * LPI IS TO SPIN-OUT ITS WESTERN AUSTRALIAN GREENBUSHES AND
PILGANGOORA LITHIUM ASSETS IN NEXT SIX MONTHS
    * LPI SHAREHOLDERS TO RECEIVE DEMERGECO SHARES ON A PRO RATA
BASIS
VIA A CAPITAL REDUCTION AND IN-SPECIE DISTRIBUTION
    * LPI'S WA INTERESTS ARE HELD BY UNIT WHICH WILL SEEK TO
LIST ON
ASX
    * EXPECTS DEMERGER PROCESS TO BE COMPLETED IN FIRST HALF OF
2022

Source text for Eikon:  ID:nASXMxDFC 
Further company coverage:  LPI.AX 

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