Ann: LIT rights issue, page-3

RIGHTS ISSUE TO RAISE UP TO $6.5 MILLION

• 1 for 6 renounceable rights issue to raise up to $6.5 million
• Partially underwritten to $1.5 million
• Attractively priced at 6 cents per share
• Discount of 28% to the 5-day VWAP
• For every 2 new shares, shareholders will receive one new option
• New options will be listed, have exercise price of 12 cents and expire in 2
years
• Shareholders can trade their rights and apply for additional shares from the
shortfall
• Rights to commence trading from 13 June 2019
• Directors intend to participate

Lithium Australia NL (ASX:LIT, LITCE) (“Company” is pleased to announce a
renounceable rights issue offered on a 1 for 6 basis at $0.06 per share to raise up to
$6.5 million (“Rights Issue” with one attaching listed option (exercise price of $0.12 and
expiring 2 years) for every two new shares subscribed for under the Rights Issue.
The Rights Issue is offered to holders of the Company’s fully and, by reason of their
terms, partly paid shares on 14 June 2019 (“Record Date” with an Australian address
(“Eligible Shareholders”, and is partially underwritten to $1.5 million by CPS Capital
Group Pty Ltd. Eligible shareholders can apply for shortfall in excess of their entitlement.
Funds raised will be used:
• Lithium raw materials including exploration on Youanmi & Medcalf
• Lithium chemicals including development of SiLeach® LieNA® and L-Max®
• Lithium batteries including VSPC pilot plant operations and DLG alliance
• Lithium battery re-cycling including Envirostream transaction
• Costs of the Rights Issue and working capital
The Rights Issue provides Eligible Shareholders an opportunity to take up new shares
proportional to their shareholding or partly paid shareholding and avoid dilution.