Lodgement of Dual Listing Replacement Prospectus

RNS Number : 5571X

Atlantic Lithium Limited

30 August 2022

 

30 August 2022

Corporate Update

Lodgement of Dual Listing Prospectus

Atlantic Lithium Limited (AIM: ALL, OTC: ALLIF, "Atlantic Lithium" or the "Company"), the funded Africa-focused lithium exploration and development company targeting to deliver Ghana's first lithium mine, wishes to advise that the Company has lodged a Replacement Prospectus in respect of its Australian Securities Exchange (ASX) dual listing offer (ASXOffer) on 29 August 2022.

On 22 August 2022 the Australian Securities Investment Commission (ASIC) served the Company with a notice to extend the exposure period for a further 7 days, so that the total exposure period is 14 days and concluded on 29 August 2022.

The Company has lodged a Replacement Prospectus to address technical issues and updates to the indicative timetable resulting from the extension of the exposure period.

Timetable

The updated indicative timetable and important dates of the ASX Offer and the ASX Dual Listing are set out below:

Lodgement of the Replacement Prospectus with ASIC	29 August 2022
Exposure Period ends	29 August 2022
Offer Opening Date	23 August 2022 at 9.00am (Brisbane time)
Offer Closing Date	5 September 2022 at 5.00pm (Brisbane time)
Settlement Date of Offer	6 September 2022
Transfer of Shares under the Offer	8 September 2022
Expected date for despatch of holding statements and allotment confirmation notices	12 September 2022
Expected date for commencement of trading of Shares on ASX	26 September 2022

Note: The dates shown in the table above are indicative only and may be changed at the discretion of the Directors, subject to the Corporations Act 2001 Cth), the ASX Listing Rules, and other applicable laws. The Company reserves the right to vary the Offer Closing Date, which may have a consequential effect on other dates.  As such, the date the Sale Shares are expected to commence trading on ASX may vary with any change in the Offer Closing Date.

 A copy of the Replacement Prospectus and application form is available to eligible investors at www.atlanticlithium.com.au .

The ASX Offer is only open to investors in Australia, New Zealand, Hong Kong and Singapore.

Further information about Atlantic is available on the Company's website https://www.atlanticlithium.com.au/

For any further information, please contact:

Atlantic Lithium Limited Neil Herbert (Executive Chairman) Amanda Harsas (Finance Director and Company Secretary) www.atlanticlithium.com.au [e-mail]	Tel:  [phone]
SP Angel Corporate Finance LLP Nominated Adviser Jeff Keating Charlie Bouverat	Tel: [phone]
Canaccord Genuity Limited Joint Company Broker Raj Khatri James Asensio Harry Rees	Tel: [phone]
Liberum Capital Limited Joint Company Broker Scott Mathieson Edward Thomas Kane Collings	Tel: [phone]
SI Capital Limited Joint Company Broker Nick Emerson Jon Levinson	Tel: [phone] Tel: [phone]
Yellow Jersey PR Limited Henry Wilkinson Dominic Barretto James Lingfield	Tel: [phone]

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 Ghana's first lithium producing mine. The project is 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 560km² & 774km² tenure across Ghana and Côte d'Ivoire respectively, comprising significantly under-explored, highly prospective licenses.

 

END

 

 

PDIWPUAWRUPPUQU