LITHIUM
The developer of the Wolfsberg project in Austria, European Lithium, on Wednesday announced that it would place shares to raise up to $4-million, with an option to raise an additional $1-million.
The company would undertake the placement at an issue price of $0.225 a share, which represented a 40% premium to the volume-weighted average price of European Lithium’s share price on the ASX for the 15 days leading up to December 4.
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