Business
Investors back Lithium Australia on its accelerated road to revenue – Small Caps
Sophisticated and institutional investors have backed Lithium Australia (ASX: LIT) by participating in a heavily oversubscribed $4 million placement.
Sophisticated and institutional investors have backed Lithium Australia (ASX: LIT) by participating in a heavily oversubscribed $4 million placement.
The company issued almost 75.5 million shares at $0.053 each under the placement with BW Equities acting as lead manager.
According to Lithium Australia, the $0.053 share price is a 16% discount to the companys previous five-day volume weighted average trading price.
Lithium Australia managing director Adrian Griffin said the strong demand for t…
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