From the release -
The Capital Raising was conducted at an issue price of $0.37 per ordinary fully paid share (New Share)
and comprises:
• A $7.3 million placement via the issue of 19,771,250 New Shares to institutional and sophisticated
investors to be issued under the Company’s existing placement capacity in accordance with ASX
Listing Rule 7.1. Allotment of these New Shares is anticipated to occur on Monday, 8 November 2021;
• A $6.2 million placement via the issue of 16,699,794 New Shares to Yibin Tianyi (or its nominee),
subject only to the approval of shareholders at a general meeting to be convened in December 2021;
and
• A $0.15 million placement via the issue of 405,405 New Shares to certain Directors of Global Lithium,
subject to the approval of shareholders at the same general meeting.
Argonaut and Euroz Hartleys acted as Joint Lead Managers for the Capital Raising.
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