Atlantic Lithium Limited Announces Corporate Update Dual Listing - Close of ASX Offer
SYDNEY, Sept. 8, 2022 - Atlantic Lithium Ltd. (AIM:ALL)(OTCQX:ALLIF) "Atlantic Lithium" or the "Company", the funded Africa-focused lithium exploration and development company targeting to deliver Ghana's first lithium mine, wishes to advise that its Australian Securities Exchange (ASX) dual listing offer (ASX Offer) closed at 5pm AEST on 8 September 2022. The ASX Offer, being an offer to acquire up to 22,850,000 Shares in the Company at a price of A$0.58 per Share, was open to eligible investors in Australia, New Zealand, Hong Kong and Singapore. The Company is pleased to announce that the ASX Offer was fully subscribed.
The Company is working towards the previously announced indicative ASX listing date of 26 September 2022, under the ticker code A11.
Further information about Atlantic is available on the Company's website https://www.atlanticlithium.com.au/
For any further information, please contact:
| Neil Herbert (Executive Chairman) Amanda Harsas (Finance Director and Company Secretary) www.atlanticlithium.com.au atlantic@yellowjerseypr.com | Tel: +61 2 8072 0640 |
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| SP Angel Corporate Finance LLP Nominated Adviser Jeff Keating Charlie Bouverat | Tel: +44 (0)20 3470 0470 |
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| Canaccord Genuity Limited Joint Company Broker Raj Khatri James Asensio Harry Rees | Tel: +44 (0) 20 7523 4500 |
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| Liberum Capital Limited Joint Company Broker Scott Mathieson Edward Thomas Kane Collings | Tel: +44 (0) 20 3100 2000 |
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| SI Capital Limited Joint Company Broker Nick Emerson Jon Levinson | Tel: +44 (0) 1483 413 500 Tel: +44 (0) 207 871 4038 |
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| Yellow Jersey PR Limited Henry Wilkinson Dominic Barretto James Lingfield | Tel: +44 (0)20 3004 9512 |
Notes to Editors:
About Atlantic Lithium
www.atlanticlithium.com.au
Atlantic Lithium (formerly "IronRidge Resources") is an AIM-listed lithium company advancing a portfolio of projects in Ghana and Côte d'Ivoire through to production.
The Company's flagship project, the Ewoyaa Project in Ghana, is a significant lithium pegmatite discovery on track to become Ghana's first lithium producing mine. The project is funded under an agreement with Piedmont Lithium for US$102m and set to produce a premium lithium product.
Atlantic Lithium holds a 560km2 & 774km2 tenure across Ghana and Côte d'Ivoire respectively, comprising significantly under-explored, highly prospective licenses.
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SOURCE: Atlantic Lithium Ltd.