Investing

Results of Entitlement Issue

Jindalee Lithium Limited (ABN 52 064 121 133) (Jindalee, the Company) is pleased to announce the results of its non-renounceable pro-rata entitlement offer of fully paid ordinary shares (New Shares) on the basis of one (1) New Share for every six (6) shares held at 5pm AWST on 15 July 2024 (Record Date), together with two (2) attaching options for every two (2) New Shares subscribed for (Attaching Options) to raise up to approximately $3.1 million (Entitlement Issue).

The Entitlement Issue was offered to persons registered as a holder of Company Shares as at the Record Date with a registered address in Australia or New Zealand as identified in the Prospectus dated 10 July 2024 (Eligible Shareholders). Eligible Shareholders were also able to apply for additional New Shares and Attaching Options not subscribed for pursuant to the Entitlement Offer (Top-Up Offer).

A summary of the results of the Entitlement Offer are as follows:

An Appendix 2A will be lodged following release of this announcement in relation to the application for quotation of 8,315,511 New Shares and 8,315,334 Attaching Options.

Jindalee’s CEO Ian Rodger commented:

“I would like to thank all shareholders who participated in Jindalee’s Entitlement Issue. Your support is crucial, and we’re grateful for your confidence in our vision. The funds raised will be key in advancing the optimised Pre- Feasibility Study at our McDermitt Lithium Project. With McDermitt being the largest lithium resource in the USA, we see it as a pivotal asset in the development of America’s domestic battery material supply chains.

We appreciate your continued trust in Jindalee and look forward to achieving great milestones together.”

Authorised for release by the Jindalee Board of Directors.

Click here for the full ASX Release

This post appeared first on investingnews.com

You May Also Like

Investing

Overview Rua Gold (CSE:RUA,OTC:NZAUF,WKN:A4010V,OTCQB:NZAUF) is a gold exploration company focused on two prolific, historic gold-producing regions in New Zealand: Hauraki Goldfield and Reefton Goldfield....

Economy

The Israel Defense Forces (IDF) announced the death of Fuad Shukr, the Hezbollah commander who was behind a drone strike that killed 12 children...

Latest News

Two men kiss on a Parisian bridge. The camera later jumps to a trio embracing passionately in a room, before the door shuts. These...

Editor's Pick

President Biden found himself in a growing political crisis Wednesday as Democrats on Capitol Hill, the high-dollar donor community and even members of his...

Disclaimer: wisetradeinvesting.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 wisetradeinvesting.com