Lithium Plus Minerals is a Australia-based exploration company and to pursue lithium exploration. It is set to list on the Australian Securities Exchange (ASX).
Lithium Plus Minerals has three primary projects – Bynoe (Lithium), Arunta (Lithium) and Wingate (Gold).
*Bynoe Lithium Project – has 11 GRANTED tenements at Bynoe that border CXO, covering 297 km2
*Arunta Lithium Projects – The Barrow Creek and Spotted Wonder projects are in the Northern Arunta pegmatite province, which contains many pegmatite fields and is prospective for lithium.
*Wingate Project – A single tenement, 150km south of Darwin – covers the Wingate Mountains Pegmatite District, the southern part of the Litchfield Pegmatite Belt.
Lithium Plus Minerals raised $10,000,000 at $0.25 per share in its initial public offering (IPO). The Offer opens on 23 Mar 2022 and closes on 29 Mar 2022. The date for quotation on ASX is 26 Apr 2022.
Note: The dates shown on this page are indicative only and may change without notice.
IPO Summary
| ASX code | LPM |
| Name | Lithium Plus Minerals |
| Website | https://lithiumplus.com.au/ |
| Share Registry | Automic Pty Ltd |
| Underwriter | Not underwritten. Canaccord Genuity Financial Limited (Lead Manager) |
| Opening Date for the Offer: | 23 March 2022 |
| Closing Date for the Offer: | 29 March 2022 |
| Date for New Shares to commence trading on ASX | 26 April 2021 12:30 PM AEST |
| Funds to be raised under the Public Offer (before costs) | $10,000,000 |
| Offer price per Share | $0.25 |
| Shares on issue at the Prospectus Date | 57,000,000 |
| Shares to be issued under the Public Offer | 40,000,000 |
| Total Shares | 97,000,000 |
| Escrow | 46,351,800 Shares (a period of 24 months from quotation) |
| 180,000 Shares (escrowed for 12
months until 4 November 2022) | |
| 900,000 Shares (escrowed for 12
months until 6 December 2022) | |
| 1,950,000 Shares (escrowed for 12
months until 9 December 2022) | |
| 3,000,000 Shares (escrowed for 12
months until 31 December 2022) | |
| 10,000,000 Options (a period of 24 months from quotation) | |
| 2,600,000 Performance rights (a period of 24 months from quotation) |
Source: Lithium Plus Minerals prospectus