SYDNEY, AUSTRALIA / ACCESSWIRE / August 15, 2022 / Atlantic Lithium Limited (AIM:ALL, OTCQX:ALLIF, “Atlantic Lithium” or the “Company”), the funded Africa-focused lithium exploration and development company targeting delivery of the first lithium mine in Ghana, is pleased to announce the Australian to announce the Company’s stock exchange (“ASX”) dual listing offering (“ASX Offering”), which will open on August 23, 2022.

The Company filed a prospectus with the Australian Securities and Investments Commission today, August 15, 2022, setting out the terms of the ASX Offering, which is an offer to acquire up to 22,850,000 shares a price of AUD$0.58 per share.

The Company is pleased to announce that it has received firm commitments to subscribe for Shares for the full amount to be offered under the Prospectus. Commitments were received from a range of Australian and Asia Pacific institutional and professional resource investors.

Canaccord Genuity (Australia) Limited is acting as Lead Manager in relation to the ASX Offering.

Atlantic Lithium Executive Chairman Neil Herbert commented:

“The listing on the ASX gives eligible investors an opportunity to invest in Atlantic Lithium, including through the ASX offering announced today. The Company will benefit from a broader shareholder base and increased awareness of its plans for the industry-leading Ewoyaa Lithium Project at a time when demand for lithium remains strong. As an Australian company with headquarters in Australia, the listing on the ASX also allows for close communication with Australian investors.

“The ASX market itself has recently seen growing interest in green commodities in line with the global transition to a lower-carbon future, and we have seen valuations of many companies involved in the lithium supply chain benefit . We believe the listing on the ASX will help support a favorable valuation of the company and its assets.”

Offer Details

The ASX offering will…