Talison Lithium Announces Closing of “Bought Deal” Financing

- February 10th, 2011

Talison Lithium (TSE:TLH) announced that it has closed the previously announced bought deal financing for aggregate gross proceeds of C$69,569,500.

Talison Lithium (TSX:TLH) announced that it has closed the previously announced bought deal financing for aggregate gross proceeds of C$69,569,500.

The press release is quoted as saying:

Talison has granted the Underwriters an option (the “Over-Allotment Option“) to purchase up to an additional 1,605,000 ordinary shares (representing 15% of the Offering) at the offering price for aggregate gross proceeds of CAN$10,432,500. The Over-Allotment Option is exercisable in whole or in part for a period of 30 days after the date hereof. If the Over-Allotment Option is exercised in full, the total gross proceeds of the Offering would be CAN$80,002,000.

To view the entire press release, click here.

To access Talison’s company profile, click here.

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