March 16 (Reuters) - Platypus Minerals Ltd (PLP) :
- Platypus to acquire lithium company lepidico (PLP)
- The term sheet was unanimously supported by the directors of both lepidico and the company.
- Secured underwriting support from gtt ventures to undertake a fully underwritten rights issue to raise up to approximately $3.5 million
- Consideration for the acquisition, Platypus has agreed to issue 750 million ordinary shares to the lepidico shareholders
- Platypus is to use its best endeavours to raise not less than $3.3 million via an underwritten rights issue at an issue price of 1.0 cents per share
News: PLP Platypus Minerals says co to acquire lithium company Lepidico
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