Press release
Futura Lithium Corp. Approves Pre-IPO Shares for Sale
Thursday, June 8, 2023 - Toronto, ON; Futura Lithium Corp. confirms today that their private equity partners are cleared to offer pre-IPO shares in the company to corporate and private investors. At this time the pre-IPO shares are authorized to be sold at the present audited share value of USD $7.55 per share. The share value was detemined by the most recent full company audit that was conducted in December 2022 by the global professional services network of Deloitte Touche Tohmatsu Limited.Futura Lithium Corp. previously announced on January 18, 2023 that the company will be progressing forward towards an IPO listing. The company intends to list the IPO on one of the U.S. stock markets within 2023.
Futura Lithium Corp.CEO Jonathan Harmon stated today; "We are now allowing our private equity partners to offer pre-IPO shares for sale to their clients. The shares can only be sold at the current audited value of the shares. Pre-IPO investors will obviously benefit from participating early as all indications point to the IPO being very rewarding since the lithium equities market is forecasted to continue escalating greatly in the near future as well as the long-term. An updated audit will be performed after negotiations on a funding agreement for the Argentina project is signed. We are now very close to signing a major deal for that project. At that time the audited share value will go higher. "
Mr. Harmon also confirmed that Futura Lithium Corp. are currently very close to securing underwriting contracts with a a group of multi-national investment banking institutions that will initiate the IPO process. Announcements will be coming soon relating to the matter.
Jonathan Harmon remarked; "Due to the massive growth of the electric vehicle industry and the industry of renewable energy storage we are now in an extremely high growth era for lithium. It's also called "White Oil", due to the colour and that it acts as fuel for batteries. We strongly feel that by having an IPO this year, our shareholders will maximize the return on their investments and be richly rewarded for showing faith in our company."
27th Floor, 123 Front St. W,
Toronto, ON M5J 2M2, Canada
Tel: 1-647-258-5441
Luna Wong
lunawong@futuralithium.com
Futura Lithium Corp. controls the Salar de Valle Salado Lithium Brine Project, located in the Atacama Region of Northern Chile, in a joint venture partnership with SQM. The company also maintains a large lithium brine project in Salta Province in northwest Argentina. Furthermore, Futura Lithium Corp. is developing a major lithium project in Zacatecas State, Mexico.
For further information contact: investors@futuralithium.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Futura Lithium Corp. Approves Pre-IPO Shares for Sale here
News-ID: 3084358 • Views: …
More Releases for IPO
Exploring IPO Opportunities with CFH Advisory Services
In recent months, I have been diligently exploring the feasibility of taking my own company public through an Initial Public Offering (IPO) with the support of my Australian investment management team at CFH Advisory Services as a client of CFH Advisory Services for nearly seven years, I have come to deeply value their strategic insights and financial expertise.
Throughout my tenure with CFH Advisory Services I have invested in 17 IPOs…
Paul Hickey Unveils #1 New Bestselling book, "IPO vs VC: 9 Strategic Reasons a $ …
Salt Lake City, Utah - January 6, 2025 - Today, financial strategist, investment banker and IPO prep specialist Paul Hickey proudly announces the release of his latest book, "IPO vs VC: 9 Strategic Reasons a $50 Million Small-Cap IPO Beats Venture Capital." [https://a.co/d/2GVnmgk] This provocative guide offers founders, entrepreneurs, and VCs clear insights into the high-stakes decision-making process around going public versus raising private capital, revealing why a $50 million…
Why should you apply in an IPO? Different ways to apply IPO online in India – …
POs raised a whopping Rs 25000 crores in the year 2020 and gave investors a massive return opportunity.
To get listed on the stock exchange the company has to release its IPO. It helps them raise funds from the public by issuing the initial public offerings (IPO) in their company's name. India is one of the ever-growing marketplaces for companies to launch their IPOs.
The above statement is…
Wellving Asset Management Identify IPO
Not a company to rest on their laurels Wellving Asset Management have identified what could be the next investment vehicle for their clients.
It comes in the form of an IPO. IPO stands for initial Public Offering. In other words, it is a new issue of stock offered for sale to the public. When companies first start out, the shares are held privately. At some point, a majority of the owners…
Uber IPO: What Can We Expect?
Within the next few months, the Uber IPO is expected to hit the markets. Keep in mind that the company has confidentially filed its S-1 with the Securities and Exchange Commission (the document is usually not made public until a couple weeks before the offering).
While we’ve seen many tech unicorns come public during the past couple years, the Uber deal will be in another league. Note that the capital raise…
Vulturis Data Launches Venture Capital IPO Yield Index
Vulturis Financial Data Services launched a venture-capital initial public offering yield index. Based on historical data pertaining to returns of IPOs, the index weighs the average returns and exhibits the feasibility and viability of offering public stock for a startup.
The VC IPO Yield Index shows the return of VC IPOs relative to the number of filings on a monthly basis. The ratio utilizes the adjusted liquidity, or proceeds, of initial…