BRIEF-Sayona Mining Says To Merge With Piedmont Lithium-February 2024-www.financetom.com

BRIEF-Sayona Mining Says To Merge With Piedmont Lithium

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BRIEF-Sayona Mining Says To Merge With Piedmont Lithium

Nov 19, 2024 9:31 PM

Nov 19 (Reuters) - Sayona Mining ( SYAXF ):

* ASX ALERT-SAYONA AND PIEDMONT LITHIUM TO MERGE,PLL-SYA.AX

* TRANSACTION WILL RESULT IN AN APPROXIMATE 50% / 50% EQUITY

HOLDING OF SHAREHOLDERS OF SAYONA AND PIEDMONT LITHIUM

* SAYONA IS UNDERTAKING A CAPITAL RAISE OF APPROXIMATELY

A$40

MILLION

* PIEDMONT WILL BE UNDERTAKING A PROPOSED CAPITAL RAISE OF

ABOUT

US$27 MILLION

Further company coverage:

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