Sayona Mining Ltd (ASX:SYA) Extension of SPP

Extension of SPP

Brisbane, July 30, 2019 AEST (ABN Newswire) - Emerging lithium miner Sayona Mining Limited (

DMNXF:OTCMKTS) announced today an extension of the offer of shares under the Shareholder Share Purchase Plan (SPP) lodged with ASX on 24 June 2019.

This follows the recent appointment of new Managing Director/Chief Executive Officer, Brett Lynch to drive the Company's lithium portfolio in Canada and Western Australia and unlock increased value for shareholders from strategic opportunities.

The Company continues to receive applications from shareholders and the Directors believe it is in the best interests of shareholders to extend the offer to give them the opportunity to assess additional information expected to be released over the extended offer period and in view of market conditions.

Funds raised under the Plan will be applied to the development of the Company's projects, principally the flagship Authier Lithium Project, together with general working capital.

The SPP provides eligible shareholders with the opportunity to apply for parcels of new shares in Sayona valued between $1,000 and $15,000.

Revised Timetable

Event              Date---------------------------------Closing Date       14 August 2019Issue of new Shares  and SPP Options    20 August 2019Quotation of SPP Shares             21 August 2019---------------------------------

About Elevra Lithium Limited

Elevra Lithium Limited is a North American lithium producer (ASX:ELV) (NASDAQ:ELVR) OTCMKTS:SYAXF) with projects in Quebec, Canada, United States, Ghana and Western Australia. In Quebec, Elevra's assets comprise North American Lithium (100%) and a 60% stake in the Moblan Lithium Project in Northern Quebec. In the United States, Elevra has the Carolina Lithium project (100%) and in Ghana the Ewoyaa Lithium project (22.5%) in joint venture with Atlantic Lithium. In Western Australia, the Company holds a large tenement portfolio in the Pilbara region prospective for gold and lithium.