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Argentina Lithium Announces Cancellation of the Non-Brokered Private Placement
Argentina Lithium Announces Cancellation of the Non-Brokered Private Placement Canada N...
About this update from Argentina Lithium & Energy Corp.
[{"type":"text","content":"\n\n\n\n\n Argentina Lithium Announces Cancellation of the Non-Brokered Private Placement\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n OR THROUGH U.S. NEWSWIRE SERVICES/\n \n\n\n TSX Venture Exchange (TSX-V):\n \n LIT\n \n\n Frankfurt Stock Exchange (FSE):\n \n OAY3\n \n\n OTCQX Venture Market:\n \n LILIF\n \n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Nov. 18, 2024\n \n\n /CNW/ -\n \n Argentina Lithium & Energy Corp.\n \n (TSXV: LIT) (FSE: OAY3) (OTCQX: LILIF)\n \n , (\"Argentina Lithium\"\n \n or the\n \n \"Company\")\n \n announces that further to the Company's news release dated\n \n October 29, 2024\n \n and amended on\n \n November 8, 2024\n \n and despite significant interest from investors including existing shareholders, it will not be proceeding with the non-brokered private placement offering using the Listed Issuer Financing Exemption for the sale of: (i) a minimum of 8,000,000 units of the Company (each, a \"\n \n Unit\n \n \") at a price of\n \n $0.15\n \n per Unit (the \"\n \n Offering Price\n \n \") for aggregate gross proceeds of\n \n $1,200,000\n \n ; and (ii) a maximum of 23,333,334 Units at the Offering Price for aggregate gross proceeds of\n \n $3,500,000.10\n \n (the \"\n \n Offering\n \n \").\n \n\n\n\n\n\n\n\n\n The Company is considering alternate sources in funding that do not result in the issuance of shares nor any dilution to our current shareholders.\n \n\n\n About Argentina Lithium\n \n\n\n Argentina Lithium & Energy Corp is focused on acquiring high quality lithium projects in\n \n Argentina\n \n and advancing them towards production in order to meet the growing global demand from the battery sector. The Company's\n \n 2023 strategic investment\n \n by Peugeot Citroen Argentina S.A., a subsidiary of Stellantis N.V., one of the world's leading automakers, places Argentina Lithium in a unique position to explore, develop and advance its four key projects covering over 70,000 hectares in the...