- Lithium Ionic (LTH) has announced a private placement of common shares for gross proceeds of up to $25,000,000
- The company will issue up to 15,625,000 shares priced at $1.60 per share
- Lithium Ionic Corp is a Canadian exploration company focused on developing commercial-grade lithium
- The offering is scheduled to close on or about October 12, 2022
- Lithium Ionic is a Canadian exploration company with a 100 per cent ownership interest in the Itinga lithium project in Brazil
- Lithium Ionic Corp. is up 6.88 per cent on the day, trading at C$1.71 per share at 2 pm ET
Lithium Ionic (LTH) has announced a private placement of common shares for gross proceeds of up to $25,000,000.
The company will issue up to 15,625,000 shares priced at $1.60 per share.
The offering is being led by Clarus Securities Inc. as the lead agent on behalf of a syndicate of agents.
The gross proceeds raised will be used for exploration and development work on the company’s mineral properties and for general corporate working capital purposes.
The offering is scheduled to close on or about October 12, 2022.
Lithium Ionic is a Canadian exploration company with a 100 per cent ownership interest in the Itinga lithium project in Brazil. The Itinga Project, located in Minas Gerais State (MG), Brazil, comprises five mineral licenses covering more than 1,300 hectares in the prolific Aracuai lithium province.
Lithium Ionic Corp. is up 6.88 per cent on the day, trading at C$1.71 per share at 2 pm ET.