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Grounded Lithium Announces Closing on Upsized Private Placement for $765,000
Grounded Lithium Announces Closing on Upsized Private Placement for $765,000 Canada New...
About this update from Grounded Lithium Corp
[{"type":"text","content":"\n \n \n \n Grounded Lithium Announces Closing on Upsized Private Placement for $765,000\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 DISSEMINATION IN\n \n THE UNITED STATES\n \n . FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF\n \n UNITED STATES\n \n SECURITIES LAW./\n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Sept. 25, 2023\n \n \n /CNW/ - (TSXV: GRD) (OTCQB:  GRDAF) - Grounded Lithium Corp. (\"\n \n GLC\n \n \" or the \"\n \n Company\"\n \n ) announces we closed on an upsized amount from the\n \n $500,000\n \n non-brokered unit offering private placement previously announced\n \n September 7, 2023\n \n (the \"\n \n Financing\n \n \").  In total,\n \n $765,320\n \n was raised through a combination of insiders together with third-parties under the Financing at the offering price of\n \n $0.11\n \n per unit. Each unit includes one Common Share (\"\n \n Common Share\n \n \") and one-half of one Common Share purchase warrant (\"\n \n Warrant\n \n \").  Common Shares issued under the Financing total 6,957,450, bringing the Company's basic shares issued and outstanding to 76,613,873.  3,478,721 Warrants were also issued under the Financing, which have a strike price of\n \n $0.18\n \n .  The Warrants expire on the date which is two years from the date hereof, subject to a right exercisable by the Company to accelerate the expiry of the Warrants upon 30 days written notice if the closing price of the Common Shares on the TSX Venture Exchange (\"\n \n TSXV\n \n \") is at or greater than\n \n $0.27\n \n for a period of 20 consecutive trading days.  Fully diluted issued and outstanding Common Shares equals 104,341,440.  Insider ownership of the Company remains at 14% on a basic Common Share outstanding basis.  The Common Shares and Warrants issued under the Financing will be subject to a hold period until the date which is four months and a day after the date hereof.\n \n \n \n \n \n \n \n \n \n No finders fees were...