Capital Raise to Advance Development of Authier Lithium Project
Brisbane, May 2, 2018 AEST (ABN Newswire) - Sayona Mining Limited (
ASX:SYA) (DMNXF:OTCMKTS) ("Sayona" or "Company") refers to its announcement on 18 April 2018 concerning a proposed pro rata renounceable entitlement issue of 1 new share for every 22 shares held on the record date, with 1 free attaching option for every 2 new shares issued.
The Company intends to issue a revised timetable for and commence the entitlement issue by the end of this week.
About Elevra Lithium Limited
Elevra Lithium Limited (ASX:ELV) (NASDAQ:ELVR) is a dual-listed lithium producer and developer, supplying a reliable, secure and sustainable source of this critical mineral at the heart of global electrification.
Headquartered in Brisbane, Australia, Elevra has a globally diversified portfolio of world-class lithium assets across Quebec, North Carolina, Ghana, and Western Australia. Elevra was formed through the merger of Piedmont Lithium and Sayona Mining.
By combining operational excellence with disciplined asset management, we strive to maximise efficiency, drive superior shareholder value, and create lasting benefits for all stakeholders.
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