- Advance Lithium Corp. (AALI) has announced a non-brokered private placement for gross proceeds of up to $300,000
- The company will issue six million units priced at $0.05 per unit
- Warrants included will be exercisable to purchase one common share for $0.07 per share
- Funds will be used to advance lithium projects and for general corporate purposes
- Advance Lithium Corp. (AALI) is unchanged, trading at $0.05 per share as of 3:11 p.m. ET
Advance Lithium Corp. (AALI) has announced a non-brokered private placement for gross proceeds of up to $300,000.
The company will issue six million units priced at $0.05 per unit. Each unit will be comprised of one common share and one common share purchase warrant. Each warrant will be exercisable to purchase one common share for $0.07 for up to two years from the closing of the offering.
Funds will be used to advance lithium projects and for general corporate purposes.
The closing of the private placement is conditional upon 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.
Advance Lithium Corp. (AALI) is unchanged trading at $0.05 per share as of 3:11 p.m. ET.