IRW-PRESS: European Lithium Ltd .: European Lithium considers listing
PRIME MARKET of the WIENER BÖRSE
European Lithium considered placing on the PRIME MARKT of the WIENER BÖRSE
– European Lithium is considering the spin-off of its Austrian
Subsidiary and its main listing on the PRIME MARKET
Vienna Stock Exchange.
– European Lithium moves business operations
European Lithium Limited (ASX: EUR, FRA: PF8, VSE: ELI) (de
Company) announces his Austrian
Subsidiary owned by Wolfsberg Lithium
Project is under a spin-off of the existing one
Demerger of European lithium shareholders and this company in the
PRIME MARKET of the Vienna Stock Exchange (WBAG). That's what it's all about
Company on successful completion of the transaction
Also to be found among the top 40 companies on the Vienna Stock Exchange
a recording in the ATX PRIME MARKET INDEX.
EUR was the first Australian company to sign up in October 2017
WBAG was admitted. This gave access to Europe
Investors for the company and are based in Austria
Lithium project Wolfsberg significantly improved. Since the
Listing at the WBAG has the percentage of
significantly increased interest from European shareholders in European Lithium.
The company has taken the first steps with regard to
Move the main list to WBAG via the conversion
its subsidiary from a limited liability company to an AG
The current actions of the company focus on
accelerate the development of the Wolfsberg lithium project.
To this end, the company has appointed a new German CEO,
Dietrich Wanke and the employment of an experienced
Austrian project director, Christian Heili
Strengthened management team. With a convertible bond facility in height
From A $ 10 million, the company has the
final feasibility study (the implementation of which is already under way)
is now fully secured. This facility is flexible
is structured and can be terminated at any time – especially to
successful completion of advanced discussions about
Acceptance agreements (purchase ratios), currently with several
Tony Sage, chairman, says: The planned change of
The main listing on the Vienna Stock Exchange is one
next logical step, with institutional investors and
wealthy private investors from Austria and Europe still have one
better access to the company. This measure will
in addition to the existing major shareholders
expressly desired. For our Wolfsberg lithium project
We see a significant increase in interest and support for
local and national politics in Austria. This support
is for our goal, the first lithium supplier of an integrated
European supply chain for batteries to continue
The company will remain on the ASX for the near future. in front of
Any changes approved by the board are all
necessary legal approvals in both countries
to seek, among other things, the approval of shareholders.
European Lithium Limited
– END –
Visit the company website for more information
Wolfsberg Lithium Project in Austria.
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