Sayona Mining raising $115.5 million
Sep 30, 2021 – 11.35amEmerging lithium producer Sayona Mining is raising $115.5 million via a placement and rights issue, which will fund its Moblan acquisition and the redevelopment of North American Lithium.
The offer is priced at 17.5¢ per share, representing a 17.1 per cent discount to its last trading price.
Canaccord Genuity’s local and US team have been appointed as joint lead manager and will be supported by Desjardins Capital Markets and Jett Capital Advisors, who are acting as co-managers.
The brokers will manage the $95 million placement portion of the capital raise.
More to come.
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