LEL lithium energy limited

News: LEL Novonix, Lithium Energy To Combine Natural Graphite Interests Into New Co Axon Graphite

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    April 3 (Reuters) - Novonix Ltd (NVX) :

    • NOVONIX AND LITHIUM ENERGY TO COMBINE NATURAL GRAPHITE INTERESTS WITH INTENTION TO TAKE COMBINED BUSINESS PUBLIC
    • NOVONIX AND LITHIUM ENERGY TO CONTRIBUTE NATURAL GRAPHITE EXPLORATION INTERESTS INTO NEW CO AXON GRAPHITE
    • SHARES OF AXON TO BE OFFERED THROUGH IPO AND LISTED ON ASX
    • NOVONIX AND LEL EACH WILL RETAIN UP TO 28.57% OWNERSHIP OF AXON FOLLOWING PLANNED IPO
    • AXON PROPOSES TO UNDERTAKE ITS IPO TO RAISE MINIMUM OF A$15 MILLION AND UP TO A$25 MILLION AT AN ISSUE PRICE OF A$0.20 PER SHARE

    (([email protected];))

 
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