European Lithium to list on ASX...

European Lithium to list on ASX
2bb36f74-0410-44c8-ba46-b5fc2ee7918d.pdf
ASX Announcement
11 May 2016
European Lithium to list on ASX

Australian resource and investment company, Cape Lambert Resources Limited (ASX: CFE) (Cape Lambert or the Company) wishes to announce that European Lithium Limited (Euro Lithium) is aiming to list on the Australian Securities Exchange (ASX) by way of reverse takeover with Paynes Find Gold Limited (Paynes). Please find attached the announcement released by Paynes to the ASX today detailing the terms and conditions of the transaction.
Cape Lambert owns 26.2% of the pre-raising capital in Euro Lithium. Euro Lithium's Wolfsberg lithium project is located in Carinthia, 270 kilometers
south of Vienna, Austria.
Cape Lambert Executive Chairman, Mr Tony Sage, said "Cape Lambert is pleased a transaction has been done with European Lithium given it is a quality asset and at a time when lithium is in high demand. I am also pleased that this unlocks approximately $6m of value at the proposed
Paynes listing price for Cape Lambert shareholders."
Yours faithfully
Cape Lambert Resources Limited
Tony Sage
Executive Chairman
Cape Lambert Resources Limited (ASX: CFE) is a fully funded mineral development company with exposure to iron ore, copper, gold, uranium, manganese, lithium and lead-silver- zinc assets in Australia, Europe, Africa and South America.
Australian Securities Exchange
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