Sayona Mining Ltd.: Capital Raise to Advance Development of Authier Lithium Project
02.05.2018 | ABN Newswire
Brisbane - Sayona Mining Ltd. (ASX:SYA) (OTCMKTS:DMNXF) ("Sayona" or "Company") refers to its announcement on 18 April 2018 concerning a proposed pro rata renounceable entitlement issue of 1 new share for every 22 shares held on the record date, with 1 free attaching option for every 2 new shares issued.The Company intends to issue a revised timetable for and commence the entitlement issue by the end of this week.
About Sayona Mining Ltd:
Sayona Mining Ltd. (ASX:SYA) (OTCMKTS:DMNXF) is an Australian-based, ASX-listed (SYA) company focused on sourcing and developing the raw materials required to construct lithium-ion batteries for use in the rapidly growing new and green technology sectors. Sayona’s primary objective is developing the Authier lithium project in Quebec, Canada. Authier is an advanced, near term development project, construction forecast to commence in the second half of 2018 and first production in late 2019. Please visit us as at www.sayonamining.com.au
Contact:
Sayona Mining Ltd.
Paul Crawford Company Secretary
Phone: +61-7-3369-7058
Email: info@sayonamining.com.au