Jadar Lithium LTD
CLOSED

The Company’s primary objective is to focus on mineral exploration and development of resource opportunities that have the potential to deliver growth of the Company.

CLOSED 11 December 2017
PROSPECTUSShare Price: $0.02Min Parcel: $2000Type: Ordinary ShareCode: JDR
Key points

OFFER HAS CLOSED EARLY

HIGHLIGHTS

  • Seeking to raise $5,000,000 before costs, by way of a Public Offer of up to 250,000,000 Shares at an issue price of $0.02 each
     
  • The Company is currently undertaking the acquisition of five exploration licences prospective for Lithium and other pegmatite hosted minerals located in the Republic of Serbia
     
  • Funds will be used for proposed exploration programmes on Serbian Lithium projects, compliance with company ASX admission requirements, access to equity capital markets for future funding and enhancement of the public and financial profile of the company
     
  • At completion of the Offers and the Acquisition, the Company will own the Serbian Lithium Projects and have cash of approximately $4.3 million

GENERAL INFORMATION

As announced on 7 September 2017, the Company has entered into the Acquisition Agreements under which the Company will acquire 100% of the issued capital of Centralist Pty Ltd and a Serbian company, Centurion Metals D.O.O. (both recently incorporated), subject to satisfaction of a number of conditions precedent.

Centurion is the owner of five exploration licenses covering a total area of approximately 328 square kilometres in Serbia. The exploration licences permit geological researching of lithium, boron, and corresponding metallic raw mineral materials.

 

 

BOARD and management
Mr Luke MartinoNon-Executive Chaiman

Mr Martino is a Fellow of the Institute of Chartered Accountants in Australia and the Australian Institute of Company Directors, having worked for over 20 years with major accounting firms,...

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Mr Gary WilliamsNon-Executive Director

Mr Williams is an experienced international mining executive with formal qualifications as a mining engineer, mine manager and also holds an MBA. As Founder and Managing Director...

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Mr Nicholas SageNon-Executive Director

Mr Nicholas Sage is an experienced marketing and communications professional with in excess of 25 years in various management and consulting roles. Mr Sage is based in Western Australia and...

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