Lithium Australia has completed the acquisition of Lithophile. It will provide Lithium Australia the ownership rights to three lithium prospects within the Gascoyne Complex located 750km north of Perth, Australia.

The transaction involved a payment of A$0.06m ($0.04) in cash by Lithium Australia to Lithophile. It also comprises issuance of 500,000 fully paid ordinary shares to Lithophile, and an additional 500,000 partly paid ordinary shares priced at A$0.25 ($0.18) a share to the recipient’s vendors…

Source: M&As this week: Sentula Mining, Lithium Australia – Mining Technology