The Entitlement Offer was announced on
The Offer closed on
Under the terms of the Entitlement Offer, as outlined in section 1.7 of the Offer document, the Directors may allocate the shortfall shares at their discretion within three months of the closing date of the offer. The Company intends to approach a variety of parties to provide them with the opportunity to take up the shortfall shares at the offer price of
Managing Director
'Altura is making excellent progress and the long-term outlook for the lithium market remains very favourable. I am grateful for the support of our shareholders and look forward to reporting strong returns in the future,' he said.
As previously advised, the proceeds from the Offer, together with the Company's existing cash reserves, will be utilised for the following purposes: Optimisation and process plant improvements; Exploration activities and General working capital and expenses of the offer.
The proceeds of the offer include monies subscribed by Altura Director Mr
If you have any queries in relation to the Offer please contact the Company's share registry via the Offer Information Line on 1300 857 499 (within
This announcement has been prepared for publication in
Forward Looking Statements
Any forward-looking information contained in this news release is made as of the date of this news release. Except as required under applicable securities legislation, Altura does not intend, and does not assume any obligation, to update this forwardlooking information. Any forward-looking information contained in this news release is based on numerous assumptions and is subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information due to the inherent uncertainty thereof.
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