Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTCQX: ALLIF, “Atlantic Lithiumâ€� or the “Companyâ€�), the African-focused lithium exploration and development company targeting to deliver Ghanaâ€s first lithium mine, is pleased to announce that admission of its entire issued share capital (“Admissionâ€�), being 649,669,053 ordinary shares (‘Ordinary Shares’), by introduction on the Main Market of the Ghana Stock Exchange (“GSEâ€�) and commencement of trading of the Ordinary Shares will take place at 10:00 a.m. GMT on Monday, 13 May 2024, under the ticker “ALLGHâ€�.
The Company will not place or issue any new Atlantic Lithium shares in connection with its GSE listing and Admission will have no impact on the Companyâ€s existing listings on the Australian Securities Exchange or the London Stock Exchangeâ€s AIM.
Further information in relation to the Admission can be found in the Companyâ€s announcement dated 2 May 2024 and the Companyâ€s GSE Listing Prospectus, which can be found on the Companyâ€s website or via the following link: https://www.atlanticlithium.com.au/s/Atlantic-Lithium-Limited-Prospectus-April-2024.pdf.
The Transaction Advisors for the Companyâ€s Listing are Black Star Brokerage Limited as the Sponsoring Broker and Arranger, JLD & MB Legal Consultancy as the Legal Advisor, SCG Chartered Accounts as the Reporting Accountants, Central Securities Depository (GH) LTD as the Registrar and Depository and SRK Exploration Services LTD as the Geological Consultants.
Commenting, Neil Herbert, Executive Chairman of Atlantic Lithium, said:
“Recognising the strategic and socio-economic importance of the Ewoyaa Lithium Project to Ghana, we are delighted to be listing the Companyâ€s shares on the Ghana Stock Exchange, which we believe will provide Ghanaians greater opportunity to share ownership in and contribute to the advancement of the Project towards production.
“During what is set to be a milestone year for Atlantic Lithium, we are grateful for the considerable support we have received from the Minerals Income Investment Fund, the Minerals Commission, Ghanaâ€s Securities and Exchange Commission and the GSE to enable the Companyâ€s Admission.
“We look forward to commencing our journey on the GSE alongside the prospective Ghanaian investors that we hope to welcome through our Admission. This represents an important new chapter for Atlantic Lithium in Ghana as we look to achieve long-term lithium production to support the countryâ€s critical mineral objectives.â€�
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