LPI 0.00% 56.5¢ lithium power international limited

Ann: Trading Halt, page-196

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  1. 330 Posts.
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    Hey mate,

    I meant in regards to the use of funds from the placement.

    "Specifically, funds raised through the Placement and the exercise and underwriting of the Options will be applied to:
    • Expedite payments of the remaining US$7.5m earn-in which will finalise LPI’s 50% ownership in the Maricunga Joint Venture. The payments are due in three instalments up to September 2018;
    • Contribute to pre-construction programs within the Maricunga Joint Venture;
    • Other strategic initiatives associated with the Maricunga Joint Venture;
    • Exploration activities at LPI’s Western Australia tenements; and
    • Provide general working capital."
 
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