Share issue with gross proceeds almost EUR 6 million

Keliber Oy (“Keliber” or “the Company”) has successfully raised EUR 5.77 million through directed share issue to the current shareholders and personnel of the Company.

Based on the authorization received from the Annual General Meeting of the Shareholders, the Board of Directors of Keliber has approved the subscriptions made in the share issue directed to the current shareholders of the Company and the personnel of the Company. In the issue total of 175 119 new shares were subscribed. The gross proceeds of the share issue were EUR 5.77 million.

Subsequent of the directed share issue the total number of outstanding shares in Keliber is 1 465 986.

"We are very pleased that we have the trust of our shareholders and personnel in this very exceptional global financial state. We will continue to drive our profitable lithium project forward and aim as a first battery-grade lithium hydroxide producer in Europe," says Hannu Hautala, CEO of Keliber Oy.

Further information:

Hannu Hautala, CEO, Keliber Oy, tel. +358 40 712 2432

Updated on April 2, 2020

Keliber Oy

Keliber Oy is a Finnish mining and chemical industry company with an objective of producing battery grade lithium hydroxide for the needs of the international lithium battery market.