Brief: Power Minerals Announces Placement To Accelerate Work Program At Salta Lithium Project

Power Minerals

14/09/2022 02:50

Sept 14 (Reuters) - Power Minerals Ltd  PNN.AX :
    * SHARE PLACEMENT TO ACCELERATE WORK PROGRAM AT SALTA LI
    * FIRM COMMITMENTS RECEIVED FOR PLACEMENT TO RAISE
APPROXIMATELY
A$5.5M
    * PLACEMENT THROUGH ISSUE OF UP TO 10.6 MILLION ORDINARY
FULLY
PAID SHARES AT ISSUE PRICE OF A$0.52 PER SHARE
    * FUNDS TO BE USED FOR RESOURCE DEFINITION DRILLING AND TO
ADVANCE
EXISTING MOU’S AT SALTA LITHIUM PROJECT, AMONG OTHERS

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