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Li-FT Power Ltd (ASX:LFT)

ALERT: Price-sensitive ASX Announcement for LFT
Current share price for LFT : $2.380 -0.42 (-15%)+
Announcement
Release
13 Aug 2026 8:18AM
Price at Release
$2.800
Full Release
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Summary
Li-FT Power Ltd has successfully closed a C$23 million public offering of common shares. The offering was a 'bought deal' led by Canaccord Genuity Corp., which included a syndicate of underwriters. The funds will be used for care and maintenance costs during the first year of the Renard option period, as well as for working capital. The offering included participation by company insiders and was exempt from certain regulatory requirements due to its timing. This strategic financial move is aimed at supporting the company's ongoing projects in Canada.
Key Points
  • Li-FT Power Ltd closed a C$23 million public offering.
  • Offering led by Canaccord Genuity Corp with a syndicate of underwriters.
  • Proceeds to fund Renard option period and working capital.
  • Insider participation in the offering was a related party transaction.
  • Exempt from formal valuation due to timing of insider participation.
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.