How to Investing in Leo Lithium Limited’s Shares

Leo Lithium Limited

ASX: LLL

Latest & Upcoming IPOs

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Leo Lithium Limited was established in 2021 as a spin out of Firefinch’s Goulamina Lithium Project in Mali. It is set to list on the Australian Securities Exchange (ASX).

Leo Lithium Limited has 1 project – Goulamina Project.

*Goulamina Project – Goulamina Lithium Project located in southern Mali, is one of the largest undeveloped hard rock lithium deposits globally. Leo Lithium plans to develop the world class Goulamina Lithium deposit into West Africa’s first operating lithium mine. High quality concentrate has been validated by test work, including >6% Li2O, and low mica has all the preferable characteristics for battery applications.

Leo Lithium Limited was looking to raise up to $100,041,905.60 at $0.70 per share in its initial public offering (IPO). The Public Offer opens on 9 May 2022 and closes on 30 May 2022. The date for quotation on ASX is 23 June 2022.

Note: The dates shown on this page are indicative only and may change without notice.

IPO Summary

ASX codeLLL
NameLeo Lithium Limited
Websitehttps://leolithium.com/
Share RegistryComputershare Investor Services Pty Limited
UnderwriterNot underwritten. Macquarie Capital (Australia) Limited, Canaccord Genuity (Australia) Limited and Euroz Hartleys Limited (Joint Lead Managers).
Opening Date for the Pro-rata Offer, Shortfall Offer and Firefinch Offer opens:9 May 2022
Closing Date for the Pro-rata Offer:25 May 2022
Closing Date for the Shortfall Offer:27 May 2022
Closing Date for the Firefinch Offer:30 May 2022
Expected date for New Shares to commence trading on ASX23 June 2022 11:00 AM AEST
Funds to be raised under the Public Offer (before costs) $100,041,905.60
Offer price per Share$0.70
Shares on issue at the Prospectus Date1,054,681,447
Shares to be issued under the Public Offer142,917,008
Total Shares1,197,598,455
Escrow8,360,000 Unquoted Options and 210,941,543 Shares (a period of 24 months from quotation)

Source: Leo Lithium Limited prospectus, official website.

Daily Gross Short Sales in Last 8 Days

DateGross Short Sales
Apr 23,20240
Apr 22,20240
Apr 19,20240
Apr 18,20240
Apr 17,20240
Apr 16,20240
Apr 15,20240
Apr 12,20240

Aggregate Short Position

The chart below was represented aggregate short sales. (Data is from ASIC with a lag of 4 trading days (T+4))

No Data

Leo Lithium Limited stock price (ASX:LLL)

Leo Lithium Limited Dividend Policy

Leo Lithium Limited does not expect to declare any dividends in the near future.
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