Corporate Update - Board Appointment - Len Kolff

RNS Number : 3264G
Atlantic Lithium Limited
29 March 2022
 

29 March 2022

Board Appointment

 

Pursuant to the announcement of 21 March 2022, the Board of Atlantic Lithium Limited (AIM: ALL, OTC: ALLIF, "Atlantic Lithium" or the "Company"), the fully-funded, African- focussed lithium exploration and development company on track to become West Africa's first lithium producing mine, is pleased to announce the appointment of Lennard Alexander Kolff Van Oosterwijk to the Board of Directors and also as the Company's Interim Chief Executive Officer.

 

The information required by Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules for Companies in relation to the appointment of Lennard Alexander Kolff Van Oosterwijk (age 47) is as follows:

Current directorships

Past directorships held within last five years

Booster Minerals Pty Ltd

None

Boxworx Minerals Pty Ltd

 

CAPRI Metals Pty Ltd

 

Charger Minerals Pty Ltd

 

DIVO Metals Pty Ltd

 

Hard Yard Metals Pty Ltd

 

Harrier Minerals Pty Ltd

 

Khaleesi Resources Pty Ltd

 

Lithium of Africa Pty Ltd

 

Ricca Resources Limited

 

Marlin Minerals Pty Ltd

 

Matilda Minerals Pty Ltd

 

MODA Minerals Pty Ltd

 

PITA Minerals Pty Ltd

 

Rhodesian Resources Pty Ltd

 

Scope Resources Pty Ltd

 

Stark Metals Pty Ltd

 

UHITSA Minerals Pty Ltd

 

Barari Developments Ltd

 

Charger Minerals Pty Limited

 

Green Metals Resources Limited

 

Joy Transporters Ltd

 

MODA Minerals Limited

 

Charger Minerals Singapore Pte Ltd

 

Lithium of Africa Singapore Pte Ltd

 

Tekton Minerals Pte Ltd

 

IronRidge Singapore Pte Ltd

 

Moda Minerals Singapore Pte Ltd

 

 

Ordinary Shares

Mr Kolff currently holds a beneficial interest in 1,607,344 ordinary shares in the Company, held by his spouse Melissa Kolff van Oosterwijk. 

  Unlisted Options

Mr Kolff currently holds a beneficial interest in a total of 15,500,000 unlisted options in the Company, held by his spouse Melissa Kolff van Oosterwijk, being:

Ø 3,500,000 unlisted options exercisable at 12p each through to 24 June 2022;

Ø 3,000,000 unlisted options exercisable at 30p each through to 18 August 2023;

Ø 4,000,000 unlisted options exercisable at 40p each through to 18 August 2023;

Ø 5,000,000 unlisted options exercisable at 50p each through to 18 August 2023.

Unlisted Performance Rights

Additionally, Mr Kolff is beneficially interested in a total of 4,050,000 unlisted performance rights in the Company, held by his spouse Melissa Kolff van Oosterwijk, being:

Ø 225,000 unlisted performance rights exercisable at 30p expiring on 18 August 2023;

Ø 225,000 unlisted performance rights exercisable at 35p expiring on 18 August 2023;

Ø 225,000 unlisted performance rights exercisable at 40p expiring on 18 August 2023;

Ø 225,000 unlisted performance rights exercisable at 45p expiring on 18 August 2023;

Ø 225,000 unlisted performance rights exercisable at 50p expiring on 18 August 2023;

Ø 225,000 unlisted performance rights exercisable at 55p expiring on 18 August 2023;

Ø 225,000 unlisted performance rights exercisable at 60p expiring on 18 August 2023;

Ø 225,000 unlisted performance rights exercisable at 65p expiring on 18 August 2023;

Ø 500,000 unlisted performance rights exercisable at 70p expiring on 18 August 2023;

Ø 750,000 unlisted performance rights exercisable at 75p expiring on 18 August 2023;

Ø 1,000,000 unlisted performance rights exercisable at £1.00 expiring on 18 August 2023.

 

Achievement of the maturity price milestone triggers the vesting of the performance rights to fully paid ordinary shares. The maturity price is based on 15 Trading Day VWAP metric for each tranche of performance rights

There are no other disclosures required in accordance with Schedule 2(g) of the AIM Rules.  

 

For any further information, please contact:

 

Atlantic Lithium Limited

Neil Herbert (Chairperson)

Amanda Harsas (Finance Director and Company Secretary)

www.atlanticlithium.com.au

Tel:  +61 2 8072 0640

 

 

atlantic@yellowjerseypr.com

 

 

SP Angel Corporate Finance LLP

Nominated Adviser

Jeff Keating

Charlie Bouverat

 

Tel: +44 (0)20 3470 0470

 Canaccord Genuity Limited

Joint Company Broker

Raj Khatri

James Asensio

Harry Rees

 Tel: +44 (0) 20 7523 4500

 

 

Liberum Capital Limited

Joint Company Broker

Scott Matheson

Edward Thomas

Kane Collings

 

Tel: +44 (0) 20 3100 2000 

 

 

SI Capital Limited

Joint Company Broker

Nick Emerson

Jon Levinson

 

Tel: +44 (0) 1483 413 500

Tel: +44 (0) 207 871 4038

 

 

Yellow Jersey PR Limited

Henry Wilkinson

Dominic Barretto

James Lingfield

 

 

 

Tel: +44 (0)20 3004 9512

 

Notes to Editors:

 

About Atlantic Lithium

www.atlanticlithium.com.au

 

Atlantic Lithium (formerly "IronRidge Resources") is an AIM-listed lithium company advancing a portfolio of projects in Ghana and Côte d'Ivoire through to production.

 

The Company's flagship project, the Ewoyaa Project in Ghana, is a significant lithium pegmatite discovery on track to become West Africa's first lithium producing mine. The project is fully funded to production under an agreement with Piedmont Lithium for US$102m and set to produce a premium lithium product. A robust update Scoping Study indicates Life of Mine revenues exceeding US$3.4bn.

 

Atlantic Lithium holds a 560km2 & 774km2 tenure across Ghana and Côte d'Ivoire respectively, comprising significantly under-explored, highly prospective licenses.

 

 

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