Non-renounceable Rights Issue Opens
Brisbane, Oct 11, 2021 AEST (ABN Newswire) - Emerging lithium producer Sayona Mining Limited (
ASX:SYA) (DML:FRA) (SYAXF:OTCMKTS) advises that the Company's pro rata entitlement offer announced on 4 October 2021 opens today.
The Offer seeks to raise approximately A$25.5 million. It provides the opportunity for eligible shareholders to subscribe for one New Share for every thirty-five shares held on the Record Date. New Shares will be issued at the issue price of A$0.145, being the same price as the Placement, also announced on 4 October 2021.
To view the timetable, please visit:
https://abnnewswire.net/lnk/CFK9E5WE
About Sayona Mining Limited
Sayona Mining Limited (ASX:SYA) (OTCMKTS:SYAXF) is a North American lithium producer with projects in Quebec, Canada and Western Australia. In Quebec, Sayona's assets comprise North American Lithium together with the Authier Lithium Project and its emerging Tansim Lithium Project, supported by a strategic partnership with American lithium developer Piedmont Lithium Inc. (ASX:PLL). Sayona also holds a 60% stake in the Moblan Lithium Project in northern Quebec.
In Western Australia, the Company holds a large tenement portfolio in the Pilbara region
prospective for gold and lithium. Sayona is exploring for Hemi-style gold targets in the world-class Pilbara region, while its lithium projects include Company-owned leases and those subject to a joint venture with Morella Corporation (ASX:1MC).
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