Lithium Power International Ltd (fka LTHHF)

[TradingCharts]

23 August 2021
SUCCESSFUL COMPLETION OF A$12.4 MILLION PLACEMENT
• LPI receives firm commitments for a placement of A$12.4 million from
sophisticated and institutional investors
• The placement was well supported by new and existing shareholders, located
domestically and offshore
• Funds raised will support the 51.6%-owned joint venture company, Minera Salar
Blanco, as it progresses to a final Project Development decision on the Maricunga
lithium brine project
• Funds will also be applied to increased exploration at the Greenbushes lithium
prospects in Western Australia
Lithium Power International Limited (ASX:LPI) (“LPI” or the “Company”) is pleased to announce the
completion of a placement of new, fully paid ordinary shares to existing and new sophisticated and
institutional investors to raise gross proceeds of $12.4 million (“Placement”). Funds raised from the
Placement will be used for ongoing funding for Minera Salar Blanco (“MSB”) in the development of
the Maricunga Lithium Brine Project (“Maricunga”) and for renewed exploration programs at the
Greenbushes Project and other possible targets in Western Australia.
The Placement was undertaken at an issue price of A$0.26 per share, representing:
• a 10.3% discount to the last closing price of LPI shares on Thursday, 19 August 2021, of A$0.29:
and
• a 12.9% discount to the 5-day volume weighted average price of LPI shares trading on ASX up to
and including Thursday 19 August 2021, of A$0.30.
Canaccord Genuity (Australia) Limited acted as Lead Manager to the Placement and Everblu Capital
Pty Ltd acted as Co-Manager.
The Placement will result in the issue of approximately 47.69 million new shares and was conducted
using the Company’s available capacity under ASX Listing Rule 7.1

https://app.sharelinktechnologies.com/announcement/asx/d5e357e602677ac320765cc674b86212