Oceana Lithium Ltd is a Brazil and Australia-based exploration company and to pursue Lithium exploration. It is set to list on the Australian Securities Exchange (ASX).
Oceana Lithium Ltd has 2 projects – Solonopole Lithium Project (Brazil) and Napperby Lithium Project (Australia).
*Solonopole Lithium Project – 8 permits covering 114km2 highly prospective ground
*Napperby Lithium Project – In the west of Northern Arunta pegmatite province with over 1160km2 tenement package, 100% owned.
Oceana Lithium Ltd was looking to raise up to $6 million at $0.20 per share in its initial public offering (IPO). The Public Offer opens on 12 Apr 2022 and closes on 22 Apr 2022. The date for quotation on ASX is 01 July 2022.
Note: The dates shown on this page are indicative only and may change without notice.
IPO Summary
| ASX code | OCN |
| Name | Oceana Lithium Ltd |
| Website | https://oceanalithium.com/ |
| Share Registry | Computershare Investor Services Pty Limited |
| Underwriter | Not underwritten. Westar Capital Ltd (Lead Manager). |
| Opening Date for the Public Offer: | 12 April 2022 |
| Closing Date for the Public Offer: | 22 April 2022 |
| Expected date for New Shares to commence trading on ASX | 01 July 2022 12:00pm AEST |
| Funds to be raised under the Public Offer (before costs) | $6,000,000 |
| Offer price per Share | $0.20 |
| Shares on issue at the Prospectus Date | 28,500,000 |
| Shares to be issued under the Public Offer | 30,000,000 |
| Total Shares | 64,400,000 |
| Escrow | 26,823,500 Shares, 15,750,000 Options and 3,268,000 Performance Rights(a period of 24 months from the date of quotation) |
| 4,051,500 Shares(a period of 12 months from the date of issue ) |
Source: Oceana Lithium Ltd prospectus