A$30 Million Cash Sale Agreed for Western Lithium Ltd
The sale agreement is an all cash-for-shares transaction amounting to AUD$30,000,000 (thirty million Australian dollars), subject to a customary price adjustment to reflect WLI's liabilities as at completion.
- The sale agreement is an all cash-for-shares transaction amounting to AUD$30,000,000 (thirty million Australian dollars), subject to a customary price adjustment to reflect WLI's liabilities as at completion.
- Lithium Power International’s Chief Executive Officer, Cristobal Garcia-Huidobro, commented:
“This agreement with Albemarle provides LPI with immediate value for our Western Lithium subsidiary company. - Despite the significant progress we had made towards an IPO of Western Lithium in the past months, this asset realisation will provide a significant uplift to the pre-money valuation of our Western Australia asset portfolio.
- Authorised for release by the Board of Directors of Lithium Power International Limited.