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Pilbara Minerals Announces PRC Approvals Received for CATL Placement

09 Oct 2019  |  12:58:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: PRC Approvals received for CATL Placement

Pilbara Minerals announced that it has been informed by Contemporary Amperex Technology (HK) ("CATL") that CATL has received all necessary regulatory approvals required from the People's Republic of China ("PRC Approvals"). The Company updated that the CATL Placement will comprise two tranches, split according to the relevant approval conditions and settlement timetable wherein Tranche 1 for A$20.0m is within the Company's placement capacity under ASX Listing Rule 7.1 and that PRC Approvals have been received, is expected to settle by 11 October 2019. Tranche 2 for A$35.0m remains conditional on the Company's shareholder approval. Also, the Company stated that the General Meeting and the CATL Placement will be held at the University Club of WA, on 16 October 2019.

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