Issue of Options and New OTCQX Ticker 'ALLIF'
Atlantic Lithium Limited has issued unlisted options to a New York-based firm to enhance its visibility in the US equity markets. The company has distributed a total of 3 million options with strike prices set at 30, 40, and 50 pence, expiring on 18 August 2023. This announcement coincides with Atlantic Lithium commencing trading on the OTCQX market under the ticker ALLIF from 26 November 2021. The company is advancing its Ewoyaa Project in Ghana, poised to become West Africa's first lithium-producing mine, fully funded under a US$102 million agreement.
- Commencement of trading on the OTCQX market under ticker ALLIF enhances market visibility.
- Fully funded Ewoyaa Project with a robust Scoping Study indicating lifetime revenues exceeding US$1.5 billion.
- None.
SYDNEY, AUSTRALIA / ACCESSWIRE / November 26, 2021 / Atlantic Lithium Limited (AIM:ALL)(OTCQX:ALLIF), 'Atlantic' or the 'Company'), the African focussed lithium exploration and development company, has issued the unlisted options set out below to a New York based proprietary research and capital markets advisory firm focused on the lithium-ion battery materials supply chain which the Company has engaged to assist with enhancing awareness of Atlantic in the US equity markets.
Unlisted Options
| Number of Options | Strike Price | Term to Expiry |
| 1,000,000 | 30 pence | 18 August 2023 |
| 1,000,000 | 40 pence | 18 August 2023 |
| 1,000,000 | 50 pence | 18 August 2023 |
The Company will commence trading on the OTCQX market under its new ticker 'ALLIF' with effect from today, 26th November 2021.
Atlantic also encourages existing and prospective shareholders to follow the Company's social media channels for real-time access to investor presentations, videos and updates:
Twitter: https://twitter.com/AtlanticLithium
LinkedIn: https://www.linkedin.com/company/atlantic-lithium-limited/
YouTube: https://www.youtube.com/channel/UC4G-Ufl7tHFcgkokwp-sK-w/featured
AIM announcements: https://www.atlanticlithium.com.au/aim-announcements
Proactive Investors: https://www.proactiveinvestors.co.uk/LON:ALL/Atlantic-Lithium-Ltd
Mining Review Africa profile: https://www.miningreview.com/Atlantic-lithium/
For any further information, please contact:
Atlantic Lithium Limited | Tel: +61 2 8072 0640 |
SP Angel Corporate Finance LLP | Tel: +44 (0)20 3470 0470 |
| Canaccord Genuity Limited Joint Company Broker Raj Khatri James Asensio Harry Rees | Tel: +44 (0) 20 7523 4500 |
| Liberum Capital Limited Joint Company Broker Scott Matheson Edward Thomas Kane Collings | Tel: +44 (0) 20 3100 2000 |
SI Capital Limited | Tel: +44 (0) 1483 413 500 |
Yellow Jersey PR Limited | Tel: +44 (0)20 3004 9512 |
Notes to Editors:
About Atlantic Lithium
Atlantic Lithium (formerly "IronRidge Resources") is an AIM-listed lithium company advancing a portfolio of projects in Ghana and Côte d'Ivoire through to production.
The Company's flagship project, the Ewoyaa Project in Ghana, is a significant lithium pegmatite discovery on track to become West Africa's first lithium producing mine. The project is fully funded to production under an agreement with Piedmont Lithium for US
Atlantic holds a 560km2 & 774km2 tenure across Ghana and Côte d'Ivoire respectively, comprising significantly under-explored, highly prospective licenses.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
SOURCE: Atlantic Lithium Limited
View source version on accesswire.com:
https://www.accesswire.com/674742/Issue-of-Options-and-New-OTCQX-Ticker-ALLIF
FAQ
What options has Atlantic Lithium Limited issued?
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