share_log

Reported Earlier, NOVONIX And Lithium Energy To Combine Natural Graphite Interests With Intention To Take Combined Business Public

Benzinga ·  Apr 3 02:49
  • NOVONIX Limited ("NOVONIX") and Lithium Energy Limited ("LEL") to contribute their natural graphite exploration interests into a new company, Axon Graphite Limited ("Axon")
  • Shares of Axon to be offered through an initial public offering ("IPO") and listed on the Australian Securities Exchange ("ASX")
  • NOVONIX and LEL each will retain up to 28.57% ownership of Axon following the planned IPO
  • Creates world class, large-scale natural flake graphite project
  • Realises value for the shareholders of both NOVONIX and LEL
  • Eligible NOVONIX and LEL shareholders to be given priority in the IPO
Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment