Settlement of Tranche 2 Share Placement and Listed Options

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Stock Lithium Universe Ltd (LU7.ASX)
Release Time 19 Dec 2025, 3:17 p.m.
Price Sensitive Yes
 Lithium Universe Completes Tranche 2 Placement
Key Points
  • Successful settlement of Tranche 2 share placement, raising $0.04 million
  • Issuance of 56,406,250 listed options with an expiry date of 7 August 2028 and an exercise price of $0.008 per option
  • Shares and options eligible for immediate trading without on-sale restrictions
Full Summary

Lithium Universe Limited (ASX: LU7) has announced the successful settlement of Tranche 2 of its share placement to sophisticated and professional investors. Tranche 2 comprised the issue of 2,500,000 fully paid ordinary shares in the company at a price of A$0.016 per share, raising A$40,000. At the company's General Meeting held on 16 December 2025, shareholders also approved the issuance of one new listed option for each share subscribed for under the Tranche 1 and Tranche 2 share placements, as well as options to 62 Capital in consideration for acting as lead manager to the share placements. A total of 56,406,250 options were allotted, with an expiry date of 7 August 2028 and an exercise price of $0.008 per option. The company will be issuing a Cleansing Statement, making the shares and options eligible for immediate trading without on-sale restrictions.