Hamilton Locke advised Pioneer Lithium on its oversubscribed initial public offering and recent listing on the ASX. The successful IPO raised $5 million for the WA based exploration company, which is focused on exploring and developing three lithium projects across Canada. Pioneer Lithium commenced trading on the ASX on Thursday 29 September 2023, under the ASX ticker PLN.
The funds from the IPO will be used primarily for the exploration and development of Pioneer Lithium’s Root Lake Project in the Red Lake Lithium District, Ontario and its LaGrande Project in James Bay, Quebec.
The team advising on the transaction was led by Partner Deanna Carpenter with support from Lawyer Jeremy O’Hara. The lead manager was Sixty Two Capital Pty Ltd.
Read the ASX announcement here.