Talison Lithium Limited Announces Increase to “Bought Deal” Financing

- January 13th, 2011

Talison Lithium Ltd (TSE:TLH) reports that it has amended the terms of the previously announced bought deal financing to increase the size of the offering from $60,001,500 to $69,569,500.

Talison Lithium Ltd (TSX:TLH) reports that it has amended the terms of the previously announced bought deal financing to increase the size of the offering from $60,001,500 to $69,569,500.

The press release is quoted as saying:

Talison has entered into an amendment agreement with a syndicate of underwriters led by Cormark Securities Ltd. and including Scotia Capital Inc., Haywood Securities Inc. and Byron Securities Limited (collectively the “Underwriters“) whereby the Underwriters have agreed to purchase, on a bought deal basis, 10,703,000 ordinary shares (the “Shares“) of Talison at a purchase price of $6.50 per Share (the “Amended Offering“).

Click here to access the entire news release.

Click here to access Talison Lithium’s company profile.

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