...slow death by a thousand cuts as lithium stocks make CRs!
...waiting to recover but be prepared to suffer another -50pc drop leading to and including Wall St correction, then stays sideways down for months, perhaps years.
European Lithium Limited (ASX: EUR, FRAF8, OTC: EULIF) (European Lithium or the Company) is pleased to announce that it has received funds from an institutional and sophisticated investor to raise A$2 million through a placement at A$0.0425 per share (Placement Shares) which is a 17% discount to the 5-day VWAP ($0.0512). Funds raised from the placement will be used for advancing the Company’s recently acquired Leinster Project including sampling and drilling and for working capital purposes.
F8, OTC: EULIF) (European Lithium or the Company) is pleased to announce that it has received funds from an institutional and sophisticated investor to raise A$2 million through a placement at A$0.0425 per share (Placement Shares) which is a 17% discount to the 5-day VWAP ($0.0512). Funds raised from the placement will be used for advancing the Company’s recently acquired Leinster Project including sampling and drilling and for working capital purposes.
