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FFX - FIREFINCH LIMITED


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GANFENG JV FORMALISED & S$170 MILLION FUNDING PACKAGE TRIGGERED
  • All conditions precedent for Ganfeng investment into the Goulamina Project have now been met following transfer of the Goulamina Exploitation Licence
  • US$130 million in cash to flow to the JV Company, with US$39 million in funding to be released from escrow to the JV Company and a further US$91 million to be transferred by Ganfeng in the coming days
  • Ganfeng required to provide a further US$40 million in Ganfeng debt or source US$64 million in third party debt
  • Firefinch will now proceed with the demerger of Goulamina into Leo Lithium Limited in accordance with regulatory timeframe
 
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Listing date 23 June 2022 ; 11:00 AM AEST ##
Company contact details
Principal Activities Mining
   
Issue Price AUD 0.70
Issue Type Ordinary Fully Paid Shares
Security code LLL
Capital to be Raised $100,000,000
Expected offer close date 23 June 2022
Underwriter Not underwritten. Macquarie Capital (Australia) Limited, Canaccord Genuity (Australia) Limited and Euroz Hartleys Limited (Joint Lead Managers).
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