Results of Share Purchase Plan
Released
Released
Announcement PDF
ASX:CXO Announcement
16 June 2020
Results of Share Purchase Plan
Advanced Australian lithium developer Core Lithium Ltd (Core or Company) (ASX: CXO)
announces the results of the Company’s Share Purchase Plan (SPP), which closed on 11
June 2020.
As announced on 12 June 2020, the SPP was closed early with applications exceeding the
$1.5 million target raising $2,074,325 with 48,807,821 new shares to be issued on 22 June
2020.
All shareholders submitting valid applications (via cleared BPay or EFT funds) by 5:00pm
on Thursday 11 June 2020 (closing date) will receive their full allocation and consequently
there will be no scale back. Any applications received after this time will be returned to
applicants.
As the SPP closed early, this SPP is the second share purchase plan undertaken by Core
in a 12 month period. Core can only accept $30,000 in applications in any 12 month period
from each shareholder in accordance with “ASIC Corporations Act (Share and Interest
Purchase Plans) Instrument 2019/547”. Consequently, any applications in excess of
$30,000 across the two share purchase plans, will be reduced to a total of $30,000 and
this reduction has been reflected in the result.
An updated Appendix 3B, as required by ASX, will follow this announcement.
This announcement has been approved for release by the Core Lithium Board.
For further information please contact:
For Media and Broker queries:
Stephen Biggins
Managing Director
Core Lithium Ltd
+61 8 8317 1700
info@corelithium.com.au
Warrick Hazeldine
Managing Director
Cannings Purple
+61 417 944 616
whazeldine@canningspurple.com.au
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