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    002460   CNE100000SF6

GANFENG LITHIUM CO., LTD.

(002460)
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Arena Minerals Inc. announced that it expects to receive CAD 10 million in funding from Lithium Americas Corp., Ganfeng Lithium Co., Ltd.

07/12/2021 EDT

Arena Minerals Inc. announced a non-brokered private placement of 71,428,571 subscription receipts at a price of CAD 0.14 per subscription receipt for gross proceeds of up to CAD 9,999,999.94 led by new investor Lithium Americas Corp. on July 12, 2021. The company has entered into a subscription agreement with Lithium Americas Corp. for 42,857,143 subscription receipts for gross proceeds of CAD 6,000,000.02. The transaction will include participation from returning investor Ganfeng Lithium Co., Ltd. The Subscription Receipts will be exchanged without payment of additional consideration for units. Each unit will consist of one common share and one-half of one common share purchase warrant. Each warrant entitles the holder to acquire one common share at CAD 0.25 for a period of 24 months from the date of issuance. Pursuant to the agreement, Lithium Americas Corp. has the right (i) to participate in future financings to maintain its pro rata ownership interest in the company and (ii) to appoint a nominee to the company's board of directors. These rights are conditioned on Lithium Americas Corp. maintaining an ownership interest in the company of 7.5% and 10.0%, respectively. Upon closing, Lithium Americas Corp. will own approximately 12.9% (14.6% on a fully diluted basis) of the issued and outstanding shares of the company.


ę S&P Capital IQ 2021
All news about GANFENG LITHIUM CO., LTD.
09/23PepinNini Lithium Surges 43% Following Brine Pipeline Access Deal in Argentina
MT
09/23PepinNini Signs Agreement with Ganfeng Lithium for Brine Pipeline Access
CI
09/21Ganfeng Lithium May Drop Bid for Millennial Lithium as CATL Tops $275 Million Offer
MT
09/16XTC NEW ENERGY MATERIALS XIAMEN : Earmarks $1.6 Billion For New Lithium Battery Plant; Sha..
MT
09/14CATL Challenges Ganfeng's Bid For Canada's Millennial Lithium
MT
09/14In Argentina's north, a 'white gold' rush for EV metal lithium gathers pace
RE
09/13Surge in electric vehicle sales power lithium prices as shortages loom
RE
09/09GANFENG LITHIUM : China's Ganfeng Lithium outbid in battle for M&A target Millennial
RE
09/08MILLENNIAL LITHIUM : Announces Receipt of Superior Proposal
MT
09/08GANFENG LITHIUM : Managers to Divest Shares in Firm
MT
More news
Analyst Recommendations on GANFENG LITHIUM CO., LTD.
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Financials
Sales 2021 9 602 M 1 485 M 1 485 M
Net income 2021 2 529 M 391 M 391 M
Net Debt 2021 4 274 M 661 M 661 M
P/E ratio 2021 87,1x
Yield 2021 0,35%
Capitalization 193 B 29 859 M 29 859 M
EV / Sales 2021 20,6x
EV / Sales 2022 13,9x
Nbr of Employees 5 533
Free-Float 52,3%
Chart GANFENG LITHIUM CO., LTD.
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Ganfeng Lithium Co., Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends GANFENG LITHIUM CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Last Close Price 168,00 CNY
Average target price 206,45 CNY
Spread / Average Target 22,9%
EPS Revisions
Managers and Directors
Liang Bin Li Chairman & President
Man Ying Yang Chief Financial Officer & Vice President
Hua'an Huang Chairman-Supervisory Board
Jun Liu Independent Non-Executive Director
Sze Wing Wong Independent Non-Executive Director
Sector and Competitors