Lithium Universe Limited (referred to as ‘Lithium Universe’ or the ‘Company,’ ASX: ‘LU7’) is pleased to advise that it has completed a $3,644,333.34 million capital raising to sophisticated investors, at a price of $0.02 for each one fully paid ordinary share (FPS) subscribed. Highlights Binding subscription agreements for $3,644,333.34Further development of the Québec Lithium Processing Hub (QLPH) strategyCapital raising in two tranches:Tranche 1 – 95,016,667 shares at $0.02 per share raising $1,900,333.34Tranche 2 – 87,200,000 shares also at $0.02 per share to raise a further $1,744,000.001:2 free attaching listed option and a $0.03 exercise price and expiry in 18 monthsCompany intends to list OptionsCompany to grant 1:2 Option to those who participated in the recent Share Purchase Plan The proposed capital raising is to be conducted in two tranches, being: Tranche 1 – 95,016,667 FPS; andTranche 2 – 87,200,000 FPS, to be issued subject to shareholder approval at the Company’s…
