Piedmont Lithium Limited (ASX: PLL; OTC – Nasdaq International: PLLLY) (“Piedmont” or “Company”) is pleased to advise that it has completed its previously announced placement of 100 million shares at an issue price of A$0.16 per share to institutional and sophisticated investors in Australia, the United States, Canada, and the United Kingdom to raise gross proceeds of A$16 million (“Placement”).
Proceeds from the Placement will be used to expedite development of the Company’s 100% owned Piedmont Lithium Project (“Project”) located in the world-class Carolina Tin-Spodumene Belt (“TSB”) in the United States, including securing additional land within the TSB, completion of additional drilling and completion of technical studies for the Project.
Foster Stockbroking acted as Lead Manager to the Placement.
An Appendix 3B and Section 708A Notice are attached.
For further information, contact:
SVP, Corporate Communications & Investor Relations
T: +1 704 575 2549