Piedmont Lithium Ltd
Piedmont Lithium Ltd (ASX:PLL) is listed on the Australian Securities Exchange.
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Piedmont Lithium proposes US public offering to fund ongoing development of North Carolina project
Piedmont Lithium Ltd (ASX:PLL) (OTCMKTS:PDDTF) (FRA:PL4) plans to undertake a US public offering of up to 1.5 million American Depository Shares (ADS), with each ADS representing 100 of its ordinary shares.
The company's shares have also been placed in a trading halt at the request of the company to enable this offering to be conducted in an orderly manner.
Proceeds from US offering
Proceeds from the offering will go towards the ongoing development of the Piedmont Lithium Project in North Carolina, including definitive feasibility studies, test-work, permitting, further exploration drilling and mineral resource estimate updates.
They will also fund the previously announced strategic investments in Sayona Mining Ltd and Sayona Quebec Inc, and other possible strategic initiatives, and for general corporate purposes.
Details of offer
The offering is being made pursuant to an effective shelf registration statement that has been filed with the US Securities and Exchange Commission (SEC).
A preliminary prospectus supplement related to the ADS offering will be filed with the SEC and will be available on the SEC's website at http://www.sec.gov and on the ASX website.
Other Piedmont Lithium Ltd news
- Piedmont Lithium launches DFS for integrated lithium hydroxide project in North Carolina, to lower carbon footprint and improve economics
2021-03-16 - Piedmont Lithium soars 84% on signing Tesla spodumene agreement
2020-09-28 - Piedmont Lithium resumes drilling in North Carolina with aim to boost resources
2020-08-26 - Piedmont Lithium completes A$23.8 million capital raisings
2020-08-10 - Piedmont Lithium raises A$29 million to progress US lithium project development
2020-06-11
