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from the AFR 46 minutes ago

Sayona Mining on Canada trip for raising
Anthony Macdonald, Sarah Thompson and Kanika Sood
Mar 6, 2023 – 1.12pm

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ASX-listed Quebec lithium developer Sayona Mining is talking to Canadian investors to stitch up a capital raising, as it heads towards production and right after an investor presentation in the US.


Street Talk. AFR

Street Talk understands Sayona, whose shares have been halted since Friday, was chasing $50 million odd at pricing, which was expected to land around the 30¢ a share mark. Its house brokers Canaccord Genuity and Petra Capital were not on the scene.

Fund managers expected the raising to be structured as a flow-through placement of shares at 30¢ odd (a premium to the 23.5¢ last traded price) to Canadian investors, some of whom can claim tax credits under the Canadian law.