https://newsletter.en.creamermedia.com
Gold|PROJECT
Gold|PROJECT
gold|project

Firefinch sells stake in Leo Lithium

5th July 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Gold miner Firefinch has sold 28.6-million of its shares in lithium spin-off Leo Lithium at a price of 45.5c each, garnering revenues of A$12.9-million.

Leo Lithium started share trading in June following a successful initial public offering (IPO) in May, during which Leo raised A$100-million through the issue of 142.9-million shares at a price of 70c each.

Leo Lithium is a spin-off from fellow-listed Firefinch, and holds the Goulamina lithium project, in Mali, in a joint venture with Chinese partner Jiangxi Ganfeng Lithium.

Firefinch’s remaining 210.9-million shares in Leo are subject to escrow until June 23, 2024, and the company is not permitted to deal with or sell the escrowed shares except in limited circumstances as permitted by the ASX Listing Rules, including a takeover or scheme of arrangement.

Edited by Creamer Media Reporter

Comments

Showroom

AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 
Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.106 0.207s - 190pq - 2rq
Subscribe Now