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BRIEF-Platypus Minerals says co to acquire lithium company Lepidico

Published 16/03/2016, 10:16 am
© Reuters.  BRIEF-Platypus Minerals says co to acquire lithium company Lepidico
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March 16 (Reuters) - Platypus Minerals Ltd PLP.AX :

* Platypus to acquire lithium company lepidico PLP.AX

* The term sheet was unanimously supported by the directors of both lepidico and the company.

* Secured underwriting support from gtt ventures to undertake a fully underwritten rights issue to raise up to approximately $3.5 million

* Consideration for the acquisition, Platypus has agreed to issue 750 million ordinary shares to the lepidico shareholders

* Platypus is to use its best endeavours to raise not less than $3.3 million via an underwritten rights issue at an issue price of 1.0 cents per share

* Source text for Eikon ID:nASX6FXPGL

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