Talison Lithium Seeks Up to A$196 Million in Initial Share Sale
Talison Lithium Ltd., producer of almost quarter of the world’s lithium, is seeking to raise as much as A$196 million ($181 million) in an initial public offering in Canada and Australia to pay debt.From The Age via the Sydney Morning Herald:Talison, which mines lithium in Western Australia state, is seeking to sell 35 million new shares at a range of between A$4.10 and A$5.10 each as part of a proposed dual listing in Toronto and Sydney, the company said today in an e-mailed statement. Resource Capital Funds IV LP may sell as much as 3.5 million of its shares in Talison, the statement said....
...Rothschild Australia Ltd. is advising Talison and Macquarie Group Ltd. is managing the sale in Australia, Talison said. The company will soon start marketing the offer to Australian and Asian institutional investors, it said.
The Canadian IPO will be underwritten by a group led by Cornmark Securities Inc. and including Macquarie Capital Markets Canada Ltd., BMO Capital Markets, CIBC World Markets Inc., Paradigm Capital Inc. and Raymond James Ltd....MORE
Talison to mine the market in $197 million float
