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    EANS-News  1255  0 Kommentare European Lithium Limited / NOTICE UNDER SECTION 708A(12C)(E)(AS NOTIONALLY INSERTED BY ASIC CORPORATIONS (SALE OFFERS: SECURITIES ISSUED ON CONVERSION OF CONVERTIBLE NOTES) - ATTACHMENT - Seite 2


    Funds received under the drawdown will be used to progress the Company's
    definitive feasibility study on its Wolfsberg lithium project (anticipated to be
    $1,565,000 in the forthcoming quarter) and for general working capital
    (anticipated to be $435,000 in the forthcoming quarter).
    Further drawdowns of $1,000,000 each are available upon full conversion of the
    notes from the previous drawdown, subject to a cooling off period.
    The principle effects of the issue are to:
    (a) increase the Company's cash reserves by $1,840,000 (after costs);
    (b) increase the number of convertible notes on issue by 2,000;
    (c) increase the Company's indebtedness by $2,000,000;
    (d) in the event the Convertible Notes are converted, increase the number of
    fully paid ordinary shares on issue by that number determined by the then
    prevailing share price, with maximum number of 36,363,636 Shares issued.
    The Company's capital structure following the issue will be as follows:
    ____________________________________________________________________________
    |Shares__________________________________________________________|634,890,959|
    |Options_exercisable_at_$0.10_each_on_or_before_30_June_2020_____|263,440,000|
    |Options_exercisable_at_$0.125_each_on_or_before_27_February_2020|2,000,000__|
    |Options_exercisable_at_$0.05_each_on_or_before_31_March_2020____|2,394,000__|
    |Options_exercisable_at_$0.20_each_on_or_before_11_December_2021_|2,500,000__|
    |Convertible_Notes_______________________________________________|2,000______|

    The number of Shares to be issued on conversion is determined by the then
    prevailing price at which Shares trade on ASX. The maximum number of Shares that
    can be issued upon conversion is 36,363,636, assuming conversion at the floor
    price of $0.055.
    3 Rights and liabilities attaching to Convertible Notes
    The material terms of the Convertible Notes are as follows:
    ______________________________________________________________________________
    |Issuer____________________|European_Lithium_Limited___________________________|
    |Type and class of security|Direct, unsubordinated and unsecured debt |
    |__________________________|obligations_of_the_Issuer__________________________|
    | |The Convertible Notes rank equally amongst |
    |Status and ranking |themselves and at least equally with all other |
    | |direct, unsubordinated and unsecured obligations of|
    |__________________________|the_Issuer.________________________________________|
    | |Initial tranche of $2 million and 8 subsequent |
    | |tranches of $1 million each, subject to a cooling |
    | |off period calculated based on the value of the |
    |Tranches |tranche and average trading volumes during the |
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    EANS-News European Lithium Limited / NOTICE UNDER SECTION 708A(12C)(E)(AS NOTIONALLY INSERTED BY ASIC CORPORATIONS (SALE OFFERS: SECURITIES ISSUED ON CONVERSION OF CONVERTIBLE NOTES) - ATTACHMENT - Seite 2 - Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement. - INSTRUMENT 2016/82) OF THE CORPORATIONS ACT 2001(CTH) Capital Measures West Leederville - 1 …