PERTH (miningweekly.com) – Lithium developer Piedmont has completed its US public offering of more than two-million American Depository Shares (ADS), raising $13-million.
The ASX-listed company earlier this week flagged a A$29-million capital raise to continue the development of its namesake lithium project, in North Carolina.
In addition to the ADS offering, the company would also raise A$10.8-million through a share placement, priced at 9c each, to non-US institutional and sophisticated shareholders and directors.
The placement is subject to shareholder approval.