If the share price can hold it's gains above 5.5 cents, the...

If the share price can hold it's gains above 5.5 cents, the company will have access to 15 million in equity.
This expires 24 months from the 17th of may 2019.

Under the terms of the facility, Anson may, at its discretion, call for Long State to subscribe for shares in ASN at any time over the next 24 months, up to a total placement amount of $15,000,000. ASN may require Long State to pay a placement amount of up to $250,000 in any period of 20 trading days (and up to $1,500,000 with the prior consent of Long State).

Anson Closes SPP and Secures $15m Equity Facility
20 May 2019 ASX ANNOUNCEMENT ASX: ASN Anson Closes SPP and Secures $15m Equity Facility Highlights: • Share Purchase Plan supported by shareholders, with $608,700 raised • $15 m equity facility secured from an energy and resources focused investment fund, providing a third element to Anson’s funding strategy • $1.65 m placement to strategic investor remains on track to close • Funds will be utilised for production of lithium carbonate (Li2CO3) chemicals for product qualification testing, the pilot plant and project development SPP Closed: Anson Resources Limited (“Anson” has closed its Share Purchase Plan (“SPP”. Applications for $608,700 worth of shares were received from 84 applicants. Anson would like to thank the applying shareholders for their support. Anson expects to issue the shares under the SPP on 21 May 2019, with trading to commence on 22 May 2019. Executive Chairman & CEO Bruce Richardson and the other eligible Anson Director both subscribed for the maximum number of shares permitted under the terms of the SPP. $15 million Equity Facility Secured: Anson has secured a $15,000,000 facility with Long State Investment Limited (Long State). Long State is an energy and resources focussed investment company. It has made investments globally, including in Australia. Under the terms of the facility, Anson may, at its discretion, call for Long State to subscribe for shares in ASN at any time over the next 24 months, up to a total placement amount of $15,000,000. ASN may require Long State to pay a placement amount of up to $250,000 in any period of 20 trading days (and up to $1,500,000 with the prior consent of Long State). Shares issued to Long State will be priced at the average of 2 daily volume weighted average prices (VWAP) of ASN shares nominated by Long State from those during the 20 trading days which follow a placement notice being given by ASN to Long State (but cannot be priced at less than the minimum acceptable price specified by ASN in a placement notice). A commission of 5% will be payable by Anson at the time of issue. Anson has also issued 6,208,981 shares and 11,514,105 options, exercisable on or before 16 May 2022 at an exercise price of $0.08685 per share, to Long State for the fees and security of the facility. An Appendix 3B for these securities is attached. 2 The funding under this facility may also be used by Anson for the pre-feasibility study it plans to undertake in early 2020. However, Anson will continue to consider other funding options. Anson has the intent to request placement of shares under this $15,000,000 equity placement facility as part of the funding of the pilot plant at the Paradox Brine Project. Shares to the value of $250,000 will be issued to Long State. These shares will be issued at the average of 2 daily volume weighted average prices (VWAP) of ASN shares nominated by Long State from those during each of the 20 trading days after 17 May 2019 but cannot be priced at less than $0.055 per share. Notice under section 708A(5)(e) of the Corporations Act Anson hereby provides notice to the ASX for the purpose of section 708A(5)(e) of the Corporations Act that it has issued 6,208,981 ordinary fully paid shares and 11,514,105 options to acquire fully paid ordinary shares, on or before 16 May 2022 at an exercise price of $0.08685 per share, in the Company on 17 May 2019 without disclosure to investors under Part 6D.2 of the Corporations Act. The Company states that: 1. as at the date of this notice, it has complied with: a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company, and b) section 674 of the Corporations Act; and 2. as at the date of this Notice, there is no “excluded information” (as defined in subsection 708A (7) of the Corporations Act) which is required to be disclosed by the Company. $1.65 m Placement to Strategic Investor: Anson has received a placement commitment of $1.65 million from its strategic investor, Chia Tai Xingye International, of 27,500,000 fully paid ordinary shares at an issue price of 6 cents per share. The placement to Chia Tai Xingye International is a further commitment to the Project and Chia Tai Xingye International continues to express interest to provide further funding for the Project.