WOW all happening:
CORPORATE UPDATE
DEMERGER OF LITHIUM POWER WA HOLDINGS PTY LTD (“LPIWA”)
Further to the announced potential demerger of LPIWA, the company has been renamed Western Lithium Ltd (from
Lithium Power WA Holdings Pty Ltd), and the conversion from a propriety limited company to a limited company has
been approved and processed by the Australian Securities and Investment Commission (ASIC).
A new constitution has been approved by ASIC and adopted by Western in preparation for the demerger. An ASX
code, “WLI”, has been reserved with the Australian Securities Exchange. A new Board has been identified and will be
formally appointed once the IPO process advances.
LPI’s and Western Lithium’s advisers are continuing to prepare materials for the LPI shareholder meeting and Western
Lithium’s capital raising, and also application for admission to the official list of the Australian Securities Exchange. This
will occur following the consolidation of MSB, as described above, and when capital market conditions are optimal.
Further updates and information on the Demerger and DemergeCo will be provided by LPI in due course.
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- Ann: Quarterly Activities Report
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