Lithium Australia announced binding agreement for the sale of Greenbushes South lithium

Lithium Australia Limited (ASX: LIT) announced that it had entered into a binding agreement with Galan Lithium Ltd for the sale of the rest 20% company’s stake in the Greenbushes South Lithium Project. Lithium Australia will receive cash payment in the amount of AU$2,000,000 and fully paid ordinary shares in the capital of Galan to the value of AU$1,000,000.

As per the agreement, LIT has agreed to sell its remaining 20% stake in the Greenbushes South Lithium Project tenements and its remaining 20% participating interest under the Original Acquisition and JV Agreement. Joint venture partnership between Lithium Australia and Galan to terminate on completion of the sale of Greenbushes South Lithium Project.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com