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Esports Mogul Limited ( (AU:LU7) ) has provided an announcement.
Lithium Universe Limited has completed the second tranche of its share placement to sophisticated and professional investors, issuing 2.5 million shares to Director Iggy Tan at A$0.016 per share to raise A$40,000, following shareholder approval at its 16 December general meeting. In conjunction with the placement, the company has also issued 56,406,250 listed options, including options to placement participants on a one-for-four basis and to lead manager 62 Capital, with an exercise price of A$0.008 and expiry on 7 August 2028, and confirmed that both the new shares and options are now freely tradable on the ASX under the code LU7OB, enhancing its capital structure and liquidity for investors.
The most recent analyst rating on (AU:LU7) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Esports Mogul Limited stock, see the AU:LU7 Stock Forecast page.
More about Esports Mogul Limited
Lithium Universe Limited is an ASX-listed company focused on building a presence in the lithium sector, aiming to develop assets and projects aligned with the growing demand for lithium in energy storage and electric vehicle markets. The company targets investors interested in exposure to the lithium value chain through equity and listed options on the Australian Securities Exchange.
Average Trading Volume: 5,410,082
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$17.78M
See more insights into LU7 stock on TipRanks’ Stock Analysis page.