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E3 Metals Corp Closes Tranche 1 of Private Placement at $907,000
E3 Metals Corp Closes Tranche 1 of Private Placement at $907,000 Canada NewsWire ...
About this update from E3 Lithium Ltd
[{"type":"text","content":"\n\n\n\nE3 Metals Corp Closes Tranche 1 of Private Placement at $907,000\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\nCanada NewsWire\nCALGARY, Dec. 18, 2019\n\n\n\n/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES/\nTSXV: ETMCFSE: OU7A OTC: EEMMF\n CALGARY, Dec. 18, 2019 /CNW/ - E3 METALS CORP. (TSXV: ETMC) (FSE: OU7A) (OTC: EEMMF) (the \"Company\" or \"E3 Metals\") is pleased to announce the successful closing of the first tranche (\"Tranche 1\") of its non-brokered private placement financing (the \"Offering\") announced on November 20, 2019.  Under the Offering, the Company has issued 2,267,900 units of the Company (the \"Units\") at a price of $0.40 per Unit for gross proceeds of $907,160.  Each Unit comprises one common share (a \"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 $0.60 for a period of 30 months following the date of issuance. On Closing of Tranche 1 of the Offering E3 Metals has 27,341,885 common shares issued and outstanding.  All securities issued are subject to a hold period under applicable securities laws in Canada expiring on April 18, 2020. There are no finder's fees or warrants associated with the issuance.\n\n \n \n\n \n\"In spite of 2019 being a challenging year for companies in the lithium industry, E3 has made significant progress in advancing its unique Alberta Lithium project.  The Company was successful in further testing its proprietary Ion Exchange Direct Lithium Extraction Technology; was selected for GreenCentre Canada's Raising Innovative and Sustainable Enterprises (RISE) program, and most importantly entered into a Joint Development Agreement with Livent Corp., the world's largest pure-play lithium producer, to further develop our lithium extraction technology. Numerous insiders, including all th...