Shaw and Partners appointed Joint Lead Manager to the proposed placement by Piedmont Lithium News29 Nov 2018

Shaw and Partners has been appointed as Joint Lead Manager to the proposed placement by Piedmont Lithium (ASX.PLL) along with Canaccord Genuity (Australia) Limited and Aitken Murray Capital Partners.

 

The Company is seeking to raise up to approximately $8 million via the issue of new shares at $0.11 per share.

 

The issue price represents a 12% discount to Piedmont’s closing share price on 28 November 2018 of $0.125 and 12.4% discount to the 10-day VWAP of $0.126.

 

Funds raised will be used for expediting the development of the company’s primary asset, the Piedmont Lithium project, based in North Carolina, USA, including the completion of an additional phase 4 drilling program to expand the resource base and technical studies, permitting and land expenditures.

 

The offer is open to Australian Sophisticated and Professional Investor clients only.

 

For more information please contact your Shaw and Partners Adviser.

  

About Piedmont Lithium

Piedmont Lithium is an emerging lithium company focused on the development of its 100%-owned Piedmont Lithium Project in North Carolina, with the goal of becoming a strategic domestic supplier of lithium to the increasing electric vehicle and battery storage markets in the U.S.

 

The Piedmont Lithium Project is located in one of the premier regions in the world for lithium exploration, given its favorable geology and ideal location with easy access to infrastructure, power, R&D centers for lithium and battery storage and major high-tech population centers.   

 

 

 

 

Related Articles
News15 Jan 2019 Shaw and Partners officially launches the inaugural Shannon Eckstein Ironman Classic
Yesterday, we were joined by Ironmen and Ironwomen heavy-weights Shannon and Caine Eckstein, Ali Day, Courtney Hancock and Georgia Miller to launch the inaugural Shaw and Partners ... Read More
News10 Jan 2019 Shaw and Partners Shannon Eckstein Ironman Classic
We are delighted to have partnered with iconic Australian Surf Life Saving Ironman Champion, Shannon Eckstein, as the major presenting partner and headline sponsor of the inaugural... Read More
News08 Jan 2019 Five more advisers shift to Shaw and Partners
Stockbroking and wealth management firm Shaw and Partners has picked up another five advisers who together managed assets worth about $750 million. It is understood Shaw has hire... Read More
News17 Dec 2018 Shaw and Partners congratulates Cory Hill and Hayley Nixon on winning the 20 Beaches Ocean Classic
On Saturday 15th December 2018, the iconic Shaw and Partners 20 Beaches Ocean Classic took place in the Northern Beaches (NSW).   The 20 Beaches Ocean Classic was first run in 19... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%