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Argentina Lithium Announces Brokered LIFE Private Placement for Gross Proceeds of up to C$4,300,000
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VA...
About this update from Argentina Lithium & Energy Corp.
[{"type":"text","content":"Argentina Lithium Announces Brokered LIFE Private Placement for Gross Proceeds of up to C$4,300,000NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESS Newswire / January 26, 2026 / Argentina Lithium & Energy Corp. (TSXV:LIT)(FSE:OAY3)(OTCQB:LILIF) (\"Argentina Lithium\" or the \"Company\") is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. (\"Red Cloud\") to act as lead agent and sole bookrunner on behalf of a syndicate of agents (the \"Agents\") in connection with a \"best efforts\" private placement (the \"Marketed Offering\") for gross proceeds of up to C$4,300,000 from the sale of up to 26,060,607 units of the Company (the \"Units\") at a price of C$0.165 per Unit (the \"Offering Price\").Each Unit will consist of one common share of the Company and one common share purchase warrant (each, a \"Warrant\"). Each Warrant shall entitle the holder to purchase one common share of the Company at a price of C$0.225 any time on or before that date which is 36 months after the Closing Date (as defined herein).The Company has also granted the Agents an option, exercisable in full or in part up to 48 hours prior to the closing of the Marketed Offering, to sell up to an additional 3,030,303 Units at the Offering Price for up to an additional C$500,000 in gross proceeds (the \"Agents' Option\"). The Marketed Offering and the securities issuable upon exercise of the Agents' Option shall be collectively referred to as the \"Offering\".The Company intends to use the net proceeds from the Offering for the exploration and advancement of the Company's Rincon West lithium project in Argentina as well as for working capital and general corporate purposes, as is more fully described in the Offering Document (as herein defined).Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), the Units will be offered for sale to purchasers resident in the provinces of Alberta, British Columbia, Manitoba, Ontario and Saskatchewan pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the \"Listed Issuer Financing...