European Lithium Limited / Placement and board changes

02.09.2020, 4095 Zeichen

Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
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
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end of announcement euro adhoc
Attachments with Announcement: ---------------------------------------------- http://resources.euroadhoc.com/documents/10207074/5/10551793/...
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
Digital press kit: http://www.ots.at/pressemappe/31529/aom

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