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20 Nov
15:48

Australia’s Kali Metals closes $10m IPO after ‘strong’ interest

Australian lithium explorer Kali Metals said Monday it has closed its initial public offering (IPO), after “strong interest” from investors, Kallanish reports. The company will be established from the spin-out of the lithium assets owned by Australia-listed Kalamazoo Resources and the Canadian gold miner Karora Resources. Kali has now raised the maximum subscription amount of AUD 15m ($9.8m) after issuing 48m fully paid ordinary shares at an issue pric…
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