PriceSensitive

Advance Lithium Corp. (TSXV:AALI) announces update to private placement

Mining, The Market Online Deal Room
TSXV:AALI
09 September 2022 08:45 (EDT)
Advance Lithium Corp. - President & CEO, Allan Barry Laboucan.

Advance Lithium Corp. (AALI) has extended the closing date of its previously announced private placement.

The closing date will be extended from September 7, 2022 to September 23, 2022. All other details previously disclosed remain unchanged.

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. (AALI) opened trading at C$0.015.


Related News