CAPITAL MARKETS

Lepidico raising lithium funds and flagging interest from 'strategic parties'

INTEGRATED lithium contender Lepidico says that while it has received significant interest from "strategic parties" including one keen to take a substantial equity holding at a premium to it current price, it will instead look to raise A$11.7 million in a renounceable entitlement offer pricing new shares at 1.8c each.

Lepidico raising lithium funds and flagging interest from 'strategic parties'

The entitlements offer, which is underwritten to $4 million, will also include an attached 1-for-2 option issue, with the options exerciseable at 3c. The Joe Walsh-led Lepidico wants to mine lithium...

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