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Phase 2 Drilling Progress Update – Clarification Announcement
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Cyclone Metals Ltd paves way for ASX trading reinstatement with moves to release prospectus and updates on activities
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= - Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
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Financing
West Leederville - European Lithium Limited (ASX:EUR, FRA:PF8, VSE:ELI) (EUR or
the Company) is pleased to announce that it has received commitments to raise
A$7 million through a placement to sophisticated investors at $0.05 per share.
Investors will also be issued one option (exercise price $0.075, expiring 3
years from issue) for every 2 shares issued.
Funds raised will supplement the Company s SPP (to close on 22 January 2021) and
will be used to continue exploration and development on its Wolfsberg Lithium
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