- Li3 Lithium Corp. (LILI) has announced a non-brokered private placement for gross proceeds of up to $2,000,000
- The company will issue up to 20,000,000 units at a price of $0.10 per unit
- The offering is expected to close on or around November 4, 2022
- The proceeds will be used for general working capital and for pursuing potential business opportunities
- Li3 Lithium Corp is a lithium-focused exploration and project development company
- Li3 Lithium Corp. (LILI) opened trading at C$0.10
Li3 Lithium Corp. (LILI) has announced a non-brokered private placement for gross proceeds of up to $2,000,000.
The company will issue up to 20,000,000 units at a price of $0.10 per unit. Each unit will consist of one common share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to purchase one common share for $0.20 at any time within 2 years after closing.
All securities issued will be subject to a statutory four-month hold period.
The offering is expected to close on or around November 4, 2022.
The proceeds will be used for general working capital and for pursuing potential business opportunities.
Li3 Lithium Corp is a lithium-focused exploration and project development company that recently acquired a 50 per cent interest in Li3 Resources Inc. Li3’s goal is to acquire an attractive portfolio of highly prospective lithium exploration projects.
Li3 Lithium Corp. (LILI) opened trading at C$0.10.