EANS-News: European Lithium Limited Placement and board changes - ATTACHMENT
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Corporate news transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is responsible for the content of this announcement.
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Financing/Personnel
West Leederville -
PLACEMENT AND KEY STRATEGIC BOARD APPOINTMENT
Highlights
* · As part of the Company's strategic engagement with Talaxis, a global leader
in EV technology metals project development, EUR has appointed Mr Kimon
Gkomozias as Executive Director
* · Kimon will drive the Company's financing efforts and identification of
strategic development partners for the Company's Wolfsberg Lithium Project in
Austria
* · As part of the appointment, Company intends to complete a placement of
AUD$2m at $0.045 with a 1 for 4 Option ($0.05, 31 July 2022)
European Lithium Limited (ASX:EUR, FRA:PF8, NEX:EUR, VSE:ELI) (EUR or the
Company) is pleased to announce that as part of its strategic engagement with
Talaxis Limited (Talaxis), it has appointed Mr Kimon Gkomozias as Executive
Director effective 2 September 2020 (subject to NEX standard regulatory checks).
Appointment of Kimon Gkomozias
In his most recent assignment, Kimon has lead Talaxis' Business Development in
Europe, where he had taken charge for the origination and execution of strategic
partnerships in Europe, Middle East and Africa. Prior to Talaxis, Kimon was at
the Wealth and Investment Management division of Barclays Bank, where he spent
twelve years developing investment solutions and investment products as well as
providing investment advice to private clients (HNW/UHNW/Family Offices) and
institutional clients (UK DB Pensions, Charities, Universities, Foundations and
Corporates).
Kimon Gkomozias is a qualified Chartered Alternative Investment Analysyt (CAIA)
and a member of the UK Institute of Directors. Kimon also served and is
currently a reserve officer (2nd lieutenant) at the 2nd Paratrooper Regiment of
the Special Forces Division of the Greek Army.
In accordance with ASX Listing Rule 3.16.4, the key terms of Kimon's
remuneration is set out in Annexure A.
Tony Sage EUR Non-Executive Chairman commented: "As part of EUR's strategic
engagement with Talaxis, I am particularly excited with Kimon's appointment to
the Board as an Executive Director. Kimon brings a unique skill set with his
European financial markets experience and will be crucial in driving both the
financing / strategic partnering of the Wolfsberg Project as well as accessing a
number of EU incentive programs that will assist with the mine development."
AUD $ 2m placement
As part of Kimon's Board appointment, the Company intends to undertake a
placement, mainly to Australian and International based sophisticated investors,
at an issue price of $ 0.045 with a 1 for 4 free attaching option (which are
exercisable at $ 0.05 on or before 31 July 2022 ) to raise proceeds of up to AUD
$ 2m (placement). The placement will be managed and coordinated by Talaxis and
Empire Capital Partners. Empire Capital Partners will be paid a fee of 6% on the
amount raised.
The company intends to use its capacity under listing rule 7.1A to issue the
placement shares and listing rule 7.1 to issue the placement options subject to
shareholder approval.
Board change
The Company advises that Mr Turner has resigned from the Board of EUR effective
September 2, 2020. The Board would like to take this opportunity to thank Tim
for his contribution to the Company during his appointment.
This announcement has been authorized for release to the ASX by the Board of the
Company.
Tony Sage
Non-Executive Chairman
European Lithium Limited
- END -
Further inquiry note:
info@europeanlithium.com
end of announcement euro adhoc
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Attachments with Announcement:
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http://resources.euroadhoc.com/documents/10207074/5/10551793/1/200902_Placement_and_Key_Executive_Appoitment.pdf
issuer: European Lithium Limited
Harrogate Street 32
AU-WA6007 West Leederville
phone: +61 8 6181 9792
FAX:
mail: ir@europeanlithium.com
WWW: www.europeanlithium.com
ISIN: AU000000EUR7
indexes:
stockmarkets: Wien, Frankfurt
language: English
