NEW YORK, May 7, 2018 /PRNewswire/ -- Piedmont Lithium
Limited (NASDAQ: PLLL, ASX: PLL) ("Piedmont" or "Company"), a lithium company
focused on the development of its Piedmont Lithium Project in
North Carolina, is pleased to
announce that its American Depositary Receipts ("ADR's") have been
approved for listing on the Nasdaq Capital Market
("Nasdaq").
Trading commenced in the U.S. on May 7,
2018 under the ticker symbol "PLLL". Each ADR represents 100
ordinary shares in the Company. The Company's ordinary shares will
continue to trade on the Australian Stock Exchange under the symbol
"PLL".
The SEC registration and Nasdaq listing process does not include
any capital raising. Piedmont had a cash balance of approximately
A$12.7 million as of March 31, 2018 and is fully-financed for its 2018
activities.
Keith D. Phillips, President and
Chief Executive Officer, commented:
"Nasdaq is one of the world's premier venues for growth
companies, and we expect this listing will provide increased
liquidity for current investors and will increase Piedmont's exposure to institutional and
retail investors in the United
States.
"The Nasdaq listing comes at an important time in our
Company's evolution, with a maiden Mineral Resource expected next
month and a Scoping Study planned for Q3 2018.
"We will now be launching aggressive investor outreach across
the United States, anchored by
presentations next week at the New
York, Chicago and San
Francisco Benchmark Minerals Intelligence events co-sponsored by
Bloomberg and Deutsche Bank."
As previously announced, Mr. Jorge M.
Beristain has joined the Board of Directors as an
Independent Non-Executive Director, effective with the Nasdaq
listing, and Mr. Robert Behets has
stepped down from his Non-Executive Director position.
This press release is neither an offer to sell nor a
solicitation of an offer to buy any securities.
For further
information, contact:
|
|
|
|
Keith D.
Phillips
|
Anastasios (Taso)
Arima
|
President &
CEO
|
Executive
Director
|
T: +1 973 809
0505
|
T: +1 347 899
1522
|
E:
kphillips@piedmontlithium.com
|
E:
tarima@piedmontlithium.com
|
PIEDMONT LITHIUM
LIMITED
|
+61 8 9322
6322
|
New York
Office
|
Registered
Office
|
50 002 664
4953
|
+61 8 9322
6558
|
28 W
44th Street, Suite 810
|
Level 9, 28 The
Esplanade
|
www.piedmontlithium.com
|
info@piedmontlithium.com
|
NEW YORK NY
10036
|
PERTH WA
6000
|
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SOURCE Piedmont Lithium Limited