Elevra Lithium issues 287,500 shares at $4.80 to settle fees
Sentiment and the balance of points
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Rhea-AI Filing Summary
Elevra Lithium Limited reported the issuance of 287,500 new fully paid ordinary shares at $4.80 per share to CG Nominees (Australia) Pty Ltd. The shares were issued in satisfaction of remaining underwriting fees owed to Canaccord Genuity (Australia) Limited related to the Company’s conditional institutional placement announced on November 19, 2024 and approved by shareholders on July 31, 2025.
This is a non-cash settlement of fees via equity and follows an ASX notice made under section 708A(5)(e) of the Corporations Act 2001 (Cth). The announcement was authorized by Elevra’s Managing Director.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Elevra Lithium (ELVR) announce in this 6-K?
Is this a cash-raising for ELVR?
Under which legal provision was the notice made?
AI-generated analysis. How Rhea-AI works. Not financial advice.
