Lithium Chile Expands Offering to Meet Market Demands

Lithium Chile Expands Offering Due to High Demand
Lithium Chile Inc. is excited to share that the company has upsized its private placement offering to a compelling total of $6.5 million, responding to strong market interest. This move comes in collaboration with Canaccord Genuity Corp. and Moneta Securities Inc., who are acting as agents for the offering. The offering will consist of up to 13 million units at a price of $0.50 each, aiming to meet the enthusiastic demand from investors.
Details of the Offering
Each unit comprises a common share and a purchase warrant, enabling the holder to purchase additional shares at $0.70 for five years following the offering's closing. This combination offers investors an appealing opportunity to participate in Lithium Chile's growth journey.
Enhancing Financial Flexibility
The funds from this offering will be strategically allocated towards advancing our existing mineral properties in key regions while also addressing general administrative costs and ensuring sufficient working capital. This plan reflects the company's commitment to enhancing its operational capabilities.
Exemption and Regulatory Compliance
The offering proceeds under the Listed Issuer Financing Exemption, which adheres to the regulatory guidelines set out by Canadian securities laws. Notably, the units will not carry a hold period, increasing their attractiveness for investors. This ensures that investors can engage easily within Canada’s market while also ascertaining compliance for potential offerings outside Canada as well.
Company Overview
Lithium Chile Inc. is an exploration firm dedicated to harnessing lithium resources across Chile and Argentina, with a substantial portfolio covering more than 137,000 hectares. The company has made impressive strides with its Arizaro project, already completing numerous technical reports. This strong foundation positions Lithium Chile favorably in the competitive lithium market.
Contact Information for Inquiries
For further details, prospective investors can reach out to Steven Cochrane, President and CEO, or Michelle DeCecco, COO, at Lithium Chile. Their contact details are as follows: email - steve@lithiumchile.ca or michelle@lithiumchile.ca, or call 587-393-1990.
Frequently Asked Questions
What is the total amount of the upsized offering?
The total amount of the upsized offering is $6.5 million.
How many units will be available in this offering?
The offering will consist of up to 13 million units, priced at $0.50 each.
What will the proceeds be used for?
The proceeds will help advance the company's mineral properties and cover general administrative expenses and working capital needs.
Who are the agents managing this offering?
The offering is being managed by Canaccord Genuity Corp. and Moneta Securities Inc.
Which stock exchange is Lithium Chile listed on?
Lithium Chile is listed on the TSX Venture Exchange under the symbol 'LITH'.
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