- Advance Lithium Corp. (AALI) has closed its private placement for gross proceeds of $75,000
- The company will issue 3,750,000 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. (AALI) opened trading at C$0.02
Advance Lithium Corp. (AALI) has closed its previously announced private placement for gross proceeds of $75,000.
The company will issue 3,750,000 units for $0.02 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant is exercisable at $0.05 for 24 months, expiring October 5, 2024.
Proceeds from the financing will be used to advance the Lithium and Sarape projects and for general corporate purposes.
All securities issued pursuant to the financing will be subject to a statutory 4-month hold period.
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$0.02.