Prospectus
Sydney, May 18, 2017 AEST (ABN Newswire) - Lithium Power International Limited (
ASX:LPI) (LTHHF:OTCMKTS) ("LPI" or "the Company") encloses a prospectus lodged by the Company with the Australian Securities and Investments Commission on 18 May 2017 in connection with an offer of options.
For an offer of up to 31,052,632 free attaching Placement Options for nil consideration, on the basis of 1 free Placement Option for every 1 Share issued to investors under the Placement (Placement Option Offer);
and
For an offer of up to 526,315 free attaching Placement Options for nil consideration, on the basis of 1 free Placement Option for every 1 Share issued to Director Russell Barwick under the Placement (Director Placement Option Offer);
and
For an offer of a total of 3,000,000 Placement Options for nil consideration, to EverBlu Capital Pty Ltd, Blue Ocean Equities Pty Limited, Sprott Private Wealth LP and Hartleys Limited (Broker Placement Option Offer);
and
For an offer of up to 2,000,000 Unlisted Options for nil consideration to each of Directors David Hannon and Russell Barwick (Director Unlisted Option Offer).
The Offers above are each conditional upon the Company obtaining Shareholder approval at the Company's General Meeting scheduled to be held in late June 2017, for which a notice of meeting is expected to be dispatched in late May 2017.
To view the prospectus, please visit:
http://abnnewswire.net/lnk/9G91O3TN
About Lithium Power International Ltd
Lithium Power International Limited (ASX:LPI) is a pure play lithium company with three distinct project regions to provide diversification. One is located in South America's brine region and three are in Australia's spodumene hard rock areas of Western Australia.
The primary focus is to develop of Chile's next high-grade lithium mine on the Maricunga Salar in an area known as the Lithium Triangle. The Company has also expanded its tenement holdings of lithium exploration prospects in Western Australia.
| ||
|
