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Consolidated Lithium Metals Amends Previously Announced Financing and Extends Exclusivity Period of Letter of Intent With SOQUEM
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES ...
About this update from Consolidated Lithium Metals Inc
[{"type":"text","content":"Consolidated Lithium Metals Amends Previously Announced Financing and Extends Exclusivity Period of Letter of Intent With SOQUEM\n\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES\n \n\n\n TORONTO, Oct. 31, 2025 (GLOBE NEWSWIRE) -- Consolidated\n \n Lithium Metals Inc.\n \n (TSXV: CLM) (FRA: Z36) (“\n \n CLM\n \n ” or the “\n \n Company\n \n ”) announces further to its press release dated October 22, 2025, the Company intends to complete a non-brokered private placement (the “\n \n Offering\n \n ”) and amends the terms of the Offering to a sale of up to 66,666,666 units (each, a “\n \n Unit\n \n ”) of the Company at the previously announced price of $0.06 per Unit (the “\n \n Offering Price\n \n ”) for gross proceeds to the Company of up to $4,000,000. Each Unit will consist of one common share in the capital of the Company and one common share purchase warrant (each, a “\n \n Warrant\n \n ”). Each Warrant will entitle the holder to purchase one common share of the Company at a price of $0.10 per common share and the Company amends the exercise period to 36 months commencing on the date that is 60 days after the closing date. It is anticipated that the closing of the Offering will occur on or about November 7, 2025.\n \n\n Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 –\n \n Prospectus Exemptions\n \n (“\n \n NI 45-106\n \n ”), the Units will be offered for sale to purchasers resident in Canada, except Québec, pursuant to one or more of the following exemptions from the prospectus requirement under NI 45-106: (i) the listed issuer financing exemption under Part 5A of NI 45-106 (the “\n \n Listed Issuer Financing Exemption\n \n ”), as modified by and in reliance on the exemptions set out in Coordinated Blanket Order 45-935\n \n - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption\n \n ; and (ii) other available exemptions under NI 45-106.\n \n\n Finder’s fees may be paid to eligible finders in accordance with the policies of the TSX Venture Exchange (the “\n \n TSXV\n \n ”) consisting of a cash commission equal to up to 8% of the gross proceeds ...