- Lithium One Metals (LONE) has arranged a private placement for total gross proceeds of $1,500,000
- The private placement involves up to 6,000,000 common shares offered at a price of $0.25 per share
- The company plans to use the proceeds of the private placement to complete the acquisition of the Lac Astrid Project for mineral exploration expenditures, etc
- Lithium One Metals Inc, formerly Yorkton Ventures Inc., is engaged in the acquisition, exploration, and development of oil and gas properties
- Lithium One Metals Inc. opened trading at $0.305 per share
Lithium One Metals (LONE) has arranged a private placement for total gross proceeds of $1,500,000.
The private placement involves up to 6,000,000 common shares offered at a price of $0.25 per share.
The company plans to use the proceeds of the private placement to complete the acquisition of the Lac Astrid Project (now called the Taycan Project) for mineral exploration expenditures and to fund general working capital.
The company may pay finder’s fees and issue finder’s warrants in connection with the private placement in line with the policies of the TSX Venture Exchange.
All securities issued under the placement will be subject to regulatory hold periods expiring four months and one day from the date of issuance.
The placement is subject to the acceptance of the TSX Venture Exchange.
The company further advises that the private placement announced on September 23, 2022, has been cancelled.
Lithium One Metals Inc., formerly Yorkton Ventures Inc., is engaged in the acquisition, exploration, and development of oil and gas properties.
Lithium One Metals Inc. opened trading at $0.305 per share.
