Nov 18 (Reuters) - Piedmont Lithium Inc ( PLL ):

* PIEDMONT LITHIUM AND SAYONA MINING TO MERGE

* PIEDMONT LITHIUM INC ( PLL ) - ALL-STOCK MERGER WITH 50% / 50%

OWNERSHIP

SPLIT

* PIEDMONT LITHIUM INC ( PLL ) - TO RAISE ~US$27 MILLION, SAYONA TO

RAISE

A$40 MILLION

* PIEDMONT LITHIUM INC ( PLL ) - EQUITY RAISINGS AGGREGATE TO

APPROXIMATELY US$99 MILLION

* PIEDMONT LITHIUM INC ( PLL ) - LUCAS DOW TO BECOME CEO OF MERGECO,

KEITH

PHILLIPS TO BE STRATEGIC ADVISOR

* PIEDMONT LITHIUM INC ( PLL ) - TRANSACTION RESULTS IN 50% / 50%

EQUITY

HOLDING POST-MERGER

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