Summary:
Vulcan is pleased to advise that its battery metals subsidiary Kuniko Limited (Kuniko), has received conditional approval from the ASX for the listing of its securities on the Official List of the ASX.
It is anticipated that official quotation of Kuniko’s shares will commence on ASX on or around 23 August 2021 (exact timing to be advised).
Holding statements for successful and refunds for unsuccessful applicants and oversubscriptions will be sent out in the coming days. Vulcan retains 25.85% of Kuniko post listing.
Management Comment: Gavin Rezos, Chairman of Vulcan and of Kuniko said:
“On behalf of the Vulcan Directors, I would again like to thank our existing shareholders who participated in the Kuniko IPO. Kuniko will list on the ASX with a large shareholder base following heavily oversubscribed priority and public offers.”
The Kuniko board is looking forward to continue to build Kuniko’s Zero Carbon Battery Metals™ exploration and sustainable development business in Norway as part of the EU’s drive towards securing a supply of ethically and responsibly sourced, low carbon footprint battery raw materials.”