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LPI - LITHIUM POWER INTERNATIONAL LIMITED


blacksheep
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Canaccord is rattling the tin in front of fund managers for $15 million and are offering new shares at 55ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ each, which was a 15% discount to the last close, according to AFR.

Canaccord underwrites $15m Lithium Power International deal

Read more: http://www.afr.com/street-talk#ixzz4ywSGnHVp

https://www.shortman.com.au/stock?q=lpi

http://www.lithiumpowerinternational.com/projects/

 

 

 

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  • 4 years later...

I wonder if they bit off more than they could chew? Two bob each way? pig in a poke? Strategic diversification?

LPI TO DEMERGE ITS WA HARD ROCK LITHIUM ASSETS  
__________________________________________________________________________________
HIGHLIGHTS

  • LPI is to spin out its Western Australian Greenbushes and Pilgangoora lithium assets in the next six months
  • Greenbushes tenements are immediately along strike from the Talison mine, the worlds largest lithium producer, while Pilgangoora is adjacent to assets owned by Pilbara Minerals
  • The  WA interests in LPI are held by a wholly owned subsidiary of LPI (DemergeCo), which will seek to list on the ASX
  • LPI shareholders to receive DemergeCo shares on a pro rata basis via a capital reduction and in specie distribution, subject to shareholder and regulatory approvals  
  • LPI’s Board believes the Demerger process will unlock the strategic value of the WA assets for the benefit of all shareholders and allow LPI to focus on developing its flagship Maricunga Lithium Brine Project in Chile.

This has helped the SP along; from bouncing along at 20c to 30c range, it has risen to 70c today. 

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