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 code | LLL |
Name | Leo Lithium Limited |
Website | https://leolithium.com/ |
Share Registry | Computershare Investor Services Pty Limited |
Underwriter | Not 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 ASX | 23 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 Date | 1,054,681,447 |
Shares to be issued under the Public Offer | 142,917,008 |
Total Shares | 1,197,598,455 |
Escrow | 8,360,000 Unquoted Options and 210,941,543 Shares (a period of 24 months from quotation) |
Source: Leo Lithium Limited prospectus, official website.