- Li3 Lithium Corp. (LILI) has completed its non-brokered private placement for gross proceeds of $1,605,000
- The company issued 16,050,000 units at a price of $0.10 per unit
- 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$0.125
Li3 Lithium Corp. (LILI) has completed its previously-announced non-brokered private placement for gross proceeds of $1,605,000.
The company issued 16,050,000 units at a price of $0.10 per unit. Each unit consists 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 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$0.125.