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Argentina Lithium Increases Non-Brokered Private Placement and Closes 2nd Tranche
Argentina Lithium Increases Non-Brokered Private Placement and Closes 2nd Tranche ...
About this update from Argentina Lithium & Energy Corp.
[{"type":"text","content":"\n \n \n \n Argentina Lithium Increases Non-Brokered Private Placement and Closes 2nd Tranche\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.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 \n VANCOUVER, BC\n \n ,\n \n Nov. 26, 2021\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 due to high investor demand, the Company has increased the private placement amount announced on\n \n November 1, 2021\n \n from\n \n $4,950,000\n \n to\n \n $6,750,000\n \n consisting of 15 million units (the \"Units\") at\n \n $0.45\n \n per Unit.\n \n \n The Company further announces that it has closed a 2\n \n nd\n \n Tranche of the private placement financing through the issuance of 4,996,333 Units for aggregate gross proceeds to the Company of\n \n $2,248,350\n \n . To date, the Company has closed on 11,104,837 Units for aggregate gross proceeds of\n \n $4,997,177\n \n .\n \n \n Each Unit will consist 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 $0.70\n \n per share for three years from the date of issue, expiring on\n \n November 26, 2024\n \n for this 2\n \n nd\n \n Tranche.\n \n \n For this 2\n \n nd\n \n Tranche, Finder's fees of\n \n $105,157.50\n \n are payable in cash on a portion of the private placement to parties at arm's length to the Company. In addition, 233,683 non-transferable finder's warrants are issuable (the \"Finder's Warrants\"). Each Finder's Warrant entitling a finder to purchase one common share at a price of\n \n $0.70\n \n per share for three years from the date of issue, expiring on\n \n November 26, 2024\n \n .\n \n \n Certain insiders of the Company participated in the Private Placement for\n \n $100,350\n \n in this 2\n \n nd\n \n Tranche in Units. Such participation represents a relate...