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European Lithium Limited (ASX: EUR) - Float & IPO Details

Current share price for EUR : $0.064 0.001 (0.78%)

European Lithium Limited (EUR, formerly Paynes Find Gold Limited) is a mining exploration and development company which wholly owns the Wolfsberg Lithium Project located in Carinthia, 270 km south of Vienna, Austria.

European Lithium Limited (EUR) floated on the Australian Securities Exchange (ASX) on Thursday, 2 December 2010. The company opened its first day of trading with a share price of $0.25 which was up 25% from its offer price of $0.20 per share. The first day of trading for European Lithium Limited on the ASX saw its share price move between a low of $0.25 and a high of $0.25, before closing at $0.25 per share which was 25% above its original offer price of $0.20 per share.
EUR's current share price of $0.06 is a -$0.14 or 68% discount to its original offer price of $0.20.

EUR Float / IPO Details

Offer Open Date21 Sep 2010
Offer Close Date15 Oct 2010
Listing Date2 Dec 2010
Issue Price$0.20
Amount Raised$8,000,000
Shares Issued (new)40,000,000
Underwriter
ConsultantsWilliam Buck Financial Services (WA) Pty Ltd
AuditorStantons International

EUR Float / IPO Performance (relative to an issue price of $0.20)

Current Price$0.06-68%
First Day Open$0.2525%
First Day High$0.2525%
First Day Low$0.2525%
First Day Close$0.2525%
All-time High$0.3362.50%
All-time Low-100%
12-month High$0.12-42.50%
12-month Low-100%

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CLR Carabella Resources Limited 24 Nov 2010 3 Dec 2010 17 Dec 2010 $0.40 $0.45 12.50%
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RNU Rennaissance Uranium Limited 17 Nov 2010 3 Dec 2010 15 Dec 2010 $0.20 $0.08 -58.50%
CTD Corporate Travel Management Limited 16 Nov 2010 7 Dec 2010 15 Dec 2010 $1.00 $15.63 1,463%
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CCZ Oakland Resources Limited 16 Nov 2010 29 Nov 2010 14 Dec 2010 $0.20 $0.01 -97%
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TGZ Teranga Gold Corporation 10 Dec 2010 $3.00 $3.30 10%
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BTN1 Brighton Mining Group Limited 20 Aug 2010 20 Sep 2010 3 Nov 2010 $0.20

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