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Consolidated Lithium Closes C$1.68 Million Private Placement Financing
TORONTO, Dec. 06, 2023 (GLOBE NEWSWIRE) -- CONSOLIDATED LITHIUM METALS INC. (TSXV: CLM | OTCQB: JORFF | FRA: Z36) (“Consolidated Lithium” or the “Company“) is p
About this update from Consolidated Lithium Metals Inc
[{"type":"text","content":" TORONTO, Dec. 06, 2023 (GLOBE NEWSWIRE) -- CONSOLIDATED LITHIUM METALS INC. (TSXV: CLM | OTCQB: JORFF | FRA: Z36) (“Consolidated Lithium” or the “Company“) is pleased to announce that it has closed its previously announced non-brokered private placement financing of units (each, a “Unit”) at a price of $0.06 per Unit for gross proceeds of $1,687,591 (the “Offering”). For more information on the Offering, please see the Company’s press release dated November 1, 2023, which is available under the Company’s SEDAR+ profile at www.sedarplus.ca. Pursuant to the Offering, Consolidated Lithium issued 28,126,517 Units at a price of $0.06 per Unit. Each Unit consists of one common share of the Company (each, a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to acquire one additional Common Share at an exercise price of $0.08 until December 6, 2026. The securities issued in connection with the Offering are subject to a statutory four month hold period, which expires on April 7, 2024. Completion of the Offering is subject to receipt of final approval of the TSX Venture Exchange (“TSXV”). The Company intends to use the net proceeds from the Offering for working capital and general corporate purposes. In connection with the Offering, Consolidated Lithium paid finder’s fees of $88,373.46 in cash and issued 1,472,891 non-transferable finder’s warrants (“Finder’s Warrants”) to an eligible finder in accordance with TSXV policies. Each Finder’s Warrant entitles the holder thereof to acquire one Common Share at a price of $0.08 at any time prior to December 6, 2025. About Consolidated Lithium Metals Inc. Consolidated Lithium Metals Inc. (formerly known as Jourdan Resources Inc.) is a Canadian junior mining exploration company trading under the symbol “CLM” on the TSX Venture Exchange and “2JR1” on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company’s properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium’s Quebec lithium mine. For more information:Rene Bharti, Chief Executive Officer and PresidentEmail | [email protected] Phone | (416) 861-5800Website | www.consolidatedlit...