Quarterly Cashflow Report
Sydney, July 28, 2017 AEST (ABN Newswire) - Lithium Power International Limited (
ASX:LPI) (LTHHF:OTCMKTS) ("LPI" or "the Company") is pleased to release its Appendix 5B quarterly cashflow report for the quarter ended 30 June 2017 (see the link below).
As at 30 June 2017, the Company had at its disposal a total of AU$3.6m in the parent and subsidiary bank accounts in Australia, Chile and Argentina. Foreign currency held at the end of the quarter has been converted to Australian dollars at the closing exchange rate on 30 July 2017.
In addition, during the quarter the Company remitted a further AU$7.5m (US$5.5m) to the Maricunga Joint Venture ("MJV") as per the MJV Investment Agreement. As at 30 June 2017 the MJV held US$6.1m (AU$7.8m) in its bank accounts.
Therefore, the Company has the total funds available at the date of the Appendix 5B of approximately AU$9.7m.
To view the cashflow report, please visit:
http://abnnewswire.net/lnk/K6HYDX6I
To view the Activity Report for the quarter ended 30 June 2017, please visit:
http://abnnewswire.net/lnk/6U20N4HR
About Lithium Power International Ltd
Lithium Power International Limited (ASX:LPI) is a pure play lithium company with three distinct project regions to provide diversification. One is located in South America's brine region and three are in Australia's spodumene hard rock areas of Western Australia.
The primary focus is to develop of Chile's next high-grade lithium mine on the Maricunga Salar in an area known as the Lithium Triangle. The Company has also expanded its tenement holdings of lithium exploration prospects in Western Australia.
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