Supplementary Prospectus
Released
Released
Announcement PDF
LITHIUM UNIVERSE LIMITED
ACN 148 878 782
SUPPLEMENTARY PROSPECTUS
1.
IMPORTANT INFORMATION
This is a supplementary prospectus (Supplementary Prospectus) intended to be read with the
prospectus dated 1 November 2024 (Prospectus) issued by Lithium Universe Limited
(ACN 148 878 782) (Company).
This Supplementary Prospectus is dated 9 December 2024 and was lodged with the Australian
Securities and Investments Commission (ASIC) on that date. The ASIC, the ASX and their
respective officers take no responsibility for the contents of this Supplementary Prospectus.
This Supplementary Prospectus should be read together with the Prospectus. Other than as set
out below, all details in relation to the Prospectus remain unchanged. Terms and abbreviations
defined in the Prospectus have the same meaning in this Supplementary Prospectus. If there
is a conflict between the Prospectus, and this Supplementary Prospectus, this Supplementary
Prospectus will prevail.
This Supplementary Prospectus will be issued with the Prospectus in hard copy or as an
electronic copy and may be accessed on the Company’s website at
https://www.lithiumuniverse.com.
This is an important document and should be read in its entirety. If you do not understand it,
you should consult your professional advisers without delay.
2.
REASONS FOR THE SUPPLEMENTARY PROSPECTUS
This Supplementary Prospectus has been prepared to make certain amendments to the
Prospectus and to provide additional disclosure, as set out in Section 3 below, primarily for the
purpose of providing additional information to Shareholders in relation to the resignation of
Director, Gernot Abl.
The content of this Supplementary Prospectus is not considered by the Company to be
materially adverse to investors.
3.
ADDITIONAL DISCLOSURE
3.1
Changes in the Board
On December 9, 2024, it was announced that Mr. Gernot Abl has resigned from his position as
an Executive Director of the Company to dedicate more time to other executive
commitments. However, Mr. Abl will continue to serve as a consultant to the Company for an
indefinite period to ensure that his expertise and contributions are not lost following his
departure as a director. His contributions to the Company have primarily focused on historical
and corporate matters.
The Company is confident that despite Mr. Abl's resignation as a director, the remaining Board
members possess the expertise and capability to effectively execute the Company's strategic
vision, specifically the Quebec Lithium Processing Hub (QLPH) strategy.
3.2
Amendments to the Prospectus
The Prospectus is amended as set out below.
(a) Corporate Directory
Reference to Mr Abl in the “Corporate Directory” is removed.
This Supplementary Prospectus is intended to be read with the Prospectus dated 1 November 2024 issued by Lithium
Universe Limited (ACN 148 878 782).
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(b) Section 1.5 – Directors’ Interests in Securities
Reference to Mr Abl in the second row of the “Directors’ Interests in Securities” table
is removed.
(c) Section 2.2 – Secondary Offers
The fourth-last paragraph of this Section is removed from the Prospectus and
replaced with the following:
Included in Tranche 2 of the Placement is a proposed subscription for an aggregate
of $90,000 from Directors, Iggy Tan ($40,000) and Patrick Scallan ($10,000) and Gernot
Abl ($40,000) (who has recently resigned as a Director but still remains a related party
for the purposes of ASX Listing Rule 10.11), which is subject to Shareholder approval
at the General Meeting. Otherwise, no related parties of the Company will
participate in the Placement.
(d) Section 6.4 – Interests of Directors
Reference to Mr Abl in the second row of the “Remuneration” table is removed,
along with Note 5 beneath the table.
Mr Abl’s remuneration from 30 June 2024 until the date of his resignation, being 9
December 2024, was $78,793.
4.
CONSENTS
The Company confirms that as at the date of this Supplementary Prospectus, each of the
parties that have been named as having consented to being named in the Prospectus have
not withdrawn that consent.
5.
DIRECTORS’ AUTHORISATION
This Supplementary Prospectus is issued by the Company and its issue has been authorised by
a resolution of the Directors.
In accordance with Section 720 of the Corporations Act, each Director has consented to the
lodgement of this Supplementary Prospectus with the ASIC.
This Supplementary Prospectus is intended to be read with the Prospectus dated 1 November 2024 issued by Lithium
Universe Limited (ACN 148 878 782).
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