Snow Lake Resources Announces Pricing of Offering of Common Shares by Nova Minerals

About this update from Frontier Nuclear And Minerals Inc.

[{"type":"text","content":" WINNIPEG, MB / ACCESSWIRE / April 7, 2022 / Snow Lake Resources Ltd., d/b/a Snow Lake Lithium Ltd. (NASDAQ:LITM) (\"Snow Lake\" or the \"Company\") today announced the pricing of an underwritten block trade of 3,000,000 of the Company's common shares (\"Common Shares\") at a public offering price of $6.00 per share by its shareholder Nova Minerals Ltd. (the \"Nova Minerals\"), resulting in total gross proceeds to Nova Minerals of $18,000,000 (the \"Offering\"). Snow Lake will not receive any proceeds from the sale of the common shares by Nova Minerals. The Offering is expected to close on April 12, 2022, subject to customary closing conditions. Following the closing of the Offering, Nova Minerals will own 6,600,000 Common Shares of the company, or approximately 37% of the total outstanding common shares of the Company. In connection with the Offering, Nova Minerals agreed to lock-up its remaining shares until March 21, 2023. The extension of the Underwriter Lock-Up for Nova's remaining 37% interest in Snow Lake highlights Nova Mineral's confidence in, and long-term commitment to Snow Lake, as it advances its vision of becoming a leading North American lithium supplier. ThinkEquity is acting as sole book-running manager for the offering. A registration statement on Form F-1 (File No. 333-264098) relating to the shares was filed with the Securities and Exchange Commission (\"SEC\") and became effective on April 7, 2022. This offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from ThinkEquity, 17 State Street, 22nd Floor, New York, New York 10004, by telephone at (877) 436-3673, by email at [email protected]. The final prospectus will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Snow Lake Lithium Ltd. Snow Lake is committed to operating a fully renewable and sustainable lithium mine that can deliver a completely traceable, carbon neutral and zero harm product to the elec...

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