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Pin to quick picksAtlantic Lithium Share News (ALL)

Share Price Information for Atlantic Lithium (ALL)

London Stock Exchange
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Share Price: 21.80
Bid: 21.80
Ask: 22.15
Change: 0.20 (0.93%)
Spread: 0.35 (1.606%)
Open: 21.65
High: 22.55
Low: 21.65
Prev. Close: 21.60
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TRADING UPDATES: Mirada extends loan; Atlantic Lithium joins ASX

Mon, 26th Sep 2022 16:55

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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Mirada PLC - Surrey, England-based broadcasting technology firm - Extends maturity date of its loan facility with Leasa Spain SLU to November 30, 2023. New contract with Mirada replaces the previous contract between the company's subsidiary, Mirada Iberia SAU, and Leasa. In 2019, the subsidiary agreed a EUR1.3 million revolving credit facility with the lender, which was set to expire on November 30, 2021. This was then extended by one year to November 30, 2022, and to EUR3.0 million. All other terms of the unsecured facility remain unchanged, the company says.

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Woodbois Ltd - London-headquartered African-focused timber producer - Issues 60.0 million new voting shares following conversion of 60.0 million non-voting shares.

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Atlantic Lithium Ltd - lithium asset developer and producer focused in West Africa - Begins trading on the Australian Securities Exchange under the ticker 'A11'. Says its offer to buy up to 22.9 million shares in the company at a price of AUD0.58 each, which was open to eligible investors in Australia, New Zealand, Hong Kong and Singapore, was fully subscribed. Adds that trading on ASX will have no impact on it trading on London's AIM. "We believe that trading on the ASX will extend the company's shareholder base, enable wider trading and offer greater liquidity for Atlantic Lithium shares," Chair Neil Herbert says.

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S4 Capital PLC - London-based advertising agency - Cancels C ordinary shares in issue, following court order approving reduction of capital being registered with Companies House on Tuesday last week.

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Horizonte Minerals PLC - nickel company focused on Brazil - Brazilian Federal Government approves Horizonte's 100% owned Araguaia Nickel Project as a strategic minerals project. Says this approval will mean that the project is treated on a priority basis by various government agencies engaged in the construction and operation of the mine. "The selection of the Araguaia Nickel Project as a Strategic Minerals Project further demonstrates the global importance of nickel as a critical metal of the future as well as the project's strategic importance to Brazil," says Chief Executive Jeremy Martin.

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Insig AI PLC - London-based data science and machine learning - Draws down further GBP310,000 from convertible loan facility agreements with Chair Richard Bernstein and long-term shareholder David Kyte.

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By Sophie Rose; sophierose@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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IN BRIEF: Atlantic Lithium hails MIIF's USD5 million subscription

Atlantic Lithium Ltd - African-focused lithium exploration and development company - Says that, in line with heads of terms agreed in September, the Minerals Income Investment Fund of Ghana has completed a subscription for 19.2 million shares at USD0.26 each, for a total of USD5 million. The subscription is part of an agreed total USD32.9 million strategic investment in Atlantic and its Ghanaian subsidiaries. Under the terms of the subscription, MIIF is entitled to nominate one person to the company's board. Additionally, MIIF is to invest a further USD27.9 million, to acquire a 6% contributing interest in the Ghana portfolio.

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Director dealings: Atlantic Lithium chairman makes share purchase

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IN BRIEF: Atlantic Lithium completes AUD8 million equity placing

Atlantic Lithium Ltd: - Sydney-based lithium exploration and development company, with assets in Ghana and Ivory Coast - Successfully completes AUD8 million equity placing. Company will issue 18.2 million shares at a price of 44 Australian cents each. Atlantic Lithium will use the proceeds for the completion of activities agreed unter the grant of the mining lease for the Ewoyaa lithium project in Ghana. Executive Chair Neil Herbert says: "As we await the completion and the receipt of the funds from the minerals income investment fund's investment, as well as the completion of the off-take process that is currently underway, the proceeds put the company in a strong position to continue advancing the Ewoyaa lithium project at pace."

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