European Lithium Ltd - Issue of Securities
RNS Number : 8145O
European Lithium Limited
03 June 2020
 

European Lithium Ltd

("European Lithium", "EUR" or "the Company")

ISSUE OF SECURITIES

European Lithium Limited (ASX:EUR, FRA:PF8, VSE:ELI, NEX:EUR) (the Company) advises that 5,626,183 fully paid shares (Shares) and 5,626,183 unlisted options with an exercise price of $0.05 (5 cents) and expiry date of 31 July 2022 (Options) have been issued on 3 June 2020.

In respect to the securities issued, a total of 4,256,619 Shares and 4,256,619 Options were issued pursuant to the conversion of debt announced on 27 May 2020. 

The balance of 1,369,564 Shares and 1,369,564 Options have been issued to the following creditors who have agreed to covert $61,630 of debt into equity:

Creditor

Services or Description

Debt to be Converted

Shares to be issued

Christian Heili

Project Director consulting services

$36,017

800,376

Atkinson Corporate Lawyers

Legal services

$25,613

569,188

Total


$61,630

1,369,564

 

Application has been made for 5,626,183 shares to be admitted to trading on Aquis (Admission). Admission is expected to occur at 8:00am on or around 9 th  June 2020. Following Admission, the Company's issued share capital will comprise 653,126,543 ordinary shares of no par value, with each share carrying the right to one vote. The Company does not hold any ordinary shares in treasury.  The above figure of 653,126,543 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or of a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

Tony Sage
Non-Executive Chairman
European Lithium Limited

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Visit the Company's website (www.europeanlithium.com) to find out more about the advanced Wolfsberg Lithium Project located in Austria.

For further information please contact:

European Lithium Ltd

+61 861 819 792

Tony Sage

ir@europeanlithium.com

 

NEX Corporate Adviser

+44 207 220 1666

James Joyce


James Sinclair-Ford


 


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