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BRIEF-Piedmont Lithium And Sayona Mining To Merge In All-Stock Merger With 50% / 50% Ownership Split

Reuters
2024-11-19
BRIEF-Piedmont Lithium And Sayona Mining To Merge In All-Stock Merger With 50% / 50% Ownership Split

Nov 18 (Reuters) - Piedmont Lithium Inc PLL.O:

  • PIEDMONT LITHIUM AND SAYONA MINING TO MERGE

  • PIEDMONT LITHIUM INC - ALL-STOCK MERGER WITH 50% / 50% OWNERSHIP SPLIT

  • PIEDMONT LITHIUM INC - TO RAISE ~US$27 MILLION, SAYONA TO RAISE A$40 MILLION

  • PIEDMONT LITHIUM INC - EQUITY RAISINGS AGGREGATE TO APPROXIMATELY US$99 MILLION

  • PIEDMONT LITHIUM INC - LUCAS DOW TO BECOME CEO OF MERGECO, KEITH PHILLIPS TO BE STRATEGIC ADVISOR

  • PIEDMONT LITHIUM INC - TRANSACTION RESULTS IN 50% / 50% EQUITY HOLDING POST-MERGER

Source text: ID:nBw7YQlKqa

Further company coverage: PLL.O

((Reuters.Briefs@thomsonreuters.com;))

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