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Argentina Lithium Announces Revised Terms of its Previously Announced Brokered LIFE Private Placement
Vancouver, British Columbia--(Newsfile Corp. - February 24, 2026) - Argentina Lithium & Ener...
About this update from Argentina Lithium & Energy Corp.
[{"type":"text","content":"Argentina Lithium Announces Revised Terms of its Previously Announced Brokered LIFE Private PlacementVancouver, British Columbia--(Newsfile Corp. - February 24, 2026) - Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTCQB: LILIF) (\"Argentina Lithium\" or the \"Company\") announces that it has entered into an agreement with Red Cloud Securities Inc. (\"Red Cloud\") to revise the terms of its previously announced \"best efforts\" private placement (the \"Marketed Offering\"). Pursuant to the revised Marketed Offering, the Company will raise gross proceeds of up to C$4,300,000 from the sale of up to 35,833,334 units of the Company (the \"Units\") at a price of C$0.12 per Unit (the \"Offering Price\"). Red Cloud is acting as sole agent and bookrunner under the Offering. 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$0.16 any time after the 60th day following the Closing Date (as herein defined) to the date which is 36 months after the Closing Date.The Company has also granted Red Cloud 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 4,166,667 Units at the Offering Price for up to an additional C$500,000 in gross proceeds (the \"Agent's Option\"). The Marketed Offering and the securities issuable upon exercise of the Agent's 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 and working capital and general corporate purposes, as is more fully described in the Amended 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 I...