- Advance Lithium Corp. (AALI) has announced a non-brokered private placement of units for gross proceeds of $200,000
- The company will issue 10,000,000 units for $0.02 per unit
- Each unit will consist of one common share and one common share purchase warrant
- The proceeds from the offering will be used to advance the Lithium and Sarape projects and for general corporate purposes
- Advance Lithium is a junior exploration company focused on acquiring and exploring mineral properties containing precious metals, battery metals and fertilizer minerals
- Advance Lithium Corp. was unchanged, trading at $0.02 at 1:00 pm ET
Advance Lithium Corp. (AALI) has announced a non-brokered private placement of units for gross proceeds of $200,000.
The company will issue 10,000,000 units for $0.02 per unit. Each unit will consist of one common share in the capital of the company and one common share purchase warrant.
Each warrant will be exercisable to purchase one common share at a price of $0.05 per share within 24 months.
The financing will be for a maximum of $200,000 resulting in 10,000,000 units being issued.
The proceeds from the offering will be used to advance the Lithium and Sarape projects and for general corporate purposes.
The company plans to close the private placement immediately following the satisfaction of customary closing conditions, including receipt of all regulatory approvals.
Advance Lithium is a junior exploration company focused on acquiring and exploring mineral properties containing precious metals, battery metals and fertilizer minerals.
The company acquired a 100-per-cent interest in the Tabasquena silver mine in Zacatecas, Mexico, in 2017, and the Venaditas project, also in Zacatecas state, in April, 2018.
Advance Lithium Corp. was unchanged, trading at $0.02 at 1:00 pm ET