Atlantic Lithium Limited Corporate Update - Issue of Equity (5467N)
June 01 2022 - 8:00AM
UK Regulatory
TIDMALL
RNS Number : 5467N
Atlantic Lithium Limited
01 June 2022
1 June 2022
Corporate Update
Issue of Equity - Exercise of Warrants & Options
The Board of Atlantic Lithium Limited (AIM: ALL, OTC: ALLIF,
"Atlantic Lithium" or the "Company"), the African focused lithium
exploration and development company, wishes to advise of the
allotment and issue of 1,944,714 ordinary shares of no par value
each in the Company ("Ordinary Shares") at a price of 12 pence per
share as a result of:
- the exercise of 500,000 unlisted ESOP options (granted on 25(th) June 2020)
- the exercise of 1,444,714 unlisted broker warrants (granted on 25(th) June 2020)
Application will be made for the 1,944,714 Ordinary Shares to be
admitted to trading on AIM and admission is expected to take place
on or around 09 June 2022 ("Admission").
On Admission of the 1,944,714 Ordinary Shares to trading the
issued share capital of the Company will comprise 580,041,660
Ordinary Shares. When calculating voting rights, shareholders
should use this figure as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company.
For any further information, please contact:
Atlantic Lithium Limited Tel: +61 2 8072 0640
Neil Herbert (Executive Chairman)
Amanda Harsas (Finance Director and Company
Secretary)
www.atlanticlithium.com.au
atlantic@yellowjerseypr.com
SP Angel Corporate Finance LLP Tel: +44 (0)20 3470 0470
Nominated Adviser
Jeff Keating
Charlie Bouverat
Canaccord Genuity Limited Tel: +44 (0) 20 7523 4500
Joint Company Broker
Raj Khatri
James Asensio
Harry Rees
Liberum Capital Limited Tel: +44 (0) 20 3100 2000
Joint Company Broker
Scott Mathieson
Edward Thomas
Kane Collings
SI Capital Limited Tel: +44 (0) 1483 413
Joint Company Broker 500
Nick Emerson Tel: +44 (0) 207 871 4038
Jon Levinson
Yellow Jersey PR Limited Tel: +44 (0)20 3004 9512
Henry Wilkinson
Dominic Barretto
James Lingfield
Notes to Editors:
About Atlantic Lithium
www.atlanticlithium.com.au
Atlantic Lithium (formerly "IronRidge Resources") is an
AIM-listed lithium company advancing a portfolio of projects in
Ghana and Côte d'Ivoire through to production.
The Company's flagship project, the Ewoyaa Project in Ghana, is
a significant lithium pegmatite discovery on track to become West
Africa's first lithium producing mine. The project is fully funded
to production under an agreement with Piedmont Lithium for US$102m,
based on the updated Scoping Study dated 7 December 2021,
indicating Life of Mine revenues exceeding US$3.4bn and set to
produce a premium lithium product.
Atlantic Lithium holds a 560km(2) & 774km(2) tenure across
Ghana and Côte d'Ivoire respectively, comprising significantly
under-explored, highly prospective licenses.
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END
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