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Argentina Lithium Closes Non-Brokered Private Placement and Acquisition of Rinconcita II at Salar de Rincon
Argentina Lithium Closes Non-Brokered Private Placement and Acquisition of Rinconcita II ...
About this update from Argentina Lithium & Energy Corp.
[{"type":"text","content":"\n \n \n \n Argentina Lithium Closes Non-Brokered Private Placement and Acquisition of Rinconcita II at Salar de Rincon\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.prntar{\nTEXT-ALIGN: RIGHT\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 THE UNITED STATES\n \n /\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 OTCQB Venture Market (OTC):\n \n PNXLF\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Aug. 25, 2022\n \n \n /CNW/ -\n \n Argentina Lithium & Energy Corp.\n \n (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF)\n \n , (\"Argentina Lithium\" or the \"Company\")\n \n announces that it has closed the private placement announced on\n \n July 21, 2022\n \n and increased on\n \n August 9\n \n and\n \n August 11, 2022\n \n , through the issuance of 10,415,000 Units in this 2\n \n nd\n \n and final tranche (the \"Final Tranche\") for aggregate gross proceeds to the Company of\n \n $2,083,000\n \n . In total, the Company has closed on 16,630,000 Units for aggregate gross proceeds of\n \n $3,326,000\n \n . The Company has also closed the acquisition of the Rinconcita II mining concession area (\"Rinconcita II\") located on the Salar de Rincon in\n \n Salta Province\n \n ,\n \n Argentina\n \n from provincially-owned company Recursos Energéticos y Mineros Salta S.A. (\"REMSA\"), as previously announced by the Company on\n \n July 21, 2022\n \n .\n \n \n \n \n \n \n \n \n \n Each Unit consists of one common share and one transferrable common share purchase warrant (a \"Warrant\"). Each Warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at\n \n $0.38\n \n per share for two years from the date of issue, expiring on\n \n August 25, 2024\n \n for this Final Tranche.\n \n \n No Finder's Fees were paid in the Final Tranche. In total,\n \n $36,260\n \n were paid in cash on a portion of the private placement to parties at arm's length to the Company. In addition, 181,300 non-transferable finder's warrants...