Global Lithium Resources starts trading on ASX with drilling underway
It aims to become a leading Australian lithium producer, riding on high lithium demand as countries globally seek to adopt more environmentally sustainable energy policies At the ASX debut: From left, non-executive director Dianmin Chen, non-executive chair Warrick Hazeldine and managing director Jamie Wright
Global Lithium Resources Ltd (ASX:GL1) made its debut on the Australian Securities Exchange (ASX) following the completion of a heavily oversubscribed IPO, which raised $10 million through the issue of 50 million shares at an issue price of $0.20 per share.
The IPO has been supported by a strong mix of institutional investors, resource-focussed funds, sophisticated and retail investors.