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Li-FT Power Ltd (ASX:LFT)

ALERT: Price-sensitive ASX Announcement for LFT
Current share price for LFT : $2.750 -0.51 (-15.64%)+
Announcement
Release
5 Aug 2026 9:35AM
Price at Release
$3.260
Full Release
download
Summary
Li-FT Power Ltd, with stock symbols TSXV: LIFT, ASX: LFT, OTCQX: LIFFF, and FRA: WS0, announced a public offering to raise C$20 million through a 'bought deal' underwritten by Canaccord Genuity Corp. The deal includes 6,900,000 common shares priced at C$2.90 each. The company also offered an over-allotment option for an additional 15% of the shares. The proceeds are intended for the first year of care and maintenance costs of the Renard option agreement and other working capital needs. The closing date is set for August 12, 2026, subject to approvals, and Avenir Minerals Limited is anticipated to participate in the offering.
Key Points
  • Li-FT Power Ltd announces a C$20 million public offering.
  • The offering is a 'bought deal' public offering of 6,900,000 common shares at C$2.90 each.
  • Canaccord Genuity Corp. is the lead underwriter and sole bookrunner.
  • The company has granted an over-allotment option for 15% additional shares.
  • The funds will be used for the Renard option period and working capital.
  • The offering is expected to close by August 12, 2026.
  • Avenir Minerals Limited may participate in the offering.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.