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ACME Lithium (CSE:ACME) closes $4.45M private placement

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CSE:ACME
16 May 2022 10:15 (EDT)

EV batteries Source: ACME Lithium

ACME Lithium (ACME) has closed its previously announced, oversubscribed non-brokered private placement for proceeds of $4.45 million.

The company issued 3,194,976 NFT units for gross proceeds of $3,450,574 and 666,668 flow-through units for gross proceeds of $1,000,002. 

ACME will use the proceeds for exploration at its Cat-Euclid and Shatford Lake lithium projects in southeast Manitoba and its Clayton Valley and Fish Lake Valley, Nevada projects, as well as general working capital purposes.

All securities issued are subject to a four-month hold period.

ACME Lithium acquires, explores and develops battery metals projects in partnership with leading technology and commodity companies.

ACME Lithium (ACME) is up 2 per cent, trading at $1.01 per share at 10:15 am ET.

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