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Grounded Lithium Announces Filing of Preliminary Short-Form Prospectus for Previously Completed Special Warrant Financing
Grounded Lithium Announces Filing of Preliminary Short-Form Prospectus for Previously Completed S...
About this update from Grounded Lithium Corp
[{"type":"text","content":"\n \n \n \n Grounded Lithium Announces Filing of Preliminary Short-Form Prospectus for Previously Completed Special Warrant Financing\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.prnml40{\nMARGIN-LEFT:3.33em !IMPORTANT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\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 CALGARY, AB\n \n \n ,\n \n \n Dec. 23, 2022\n \n \n /CNW/ - (TSX.V: GRD) (OTCQB:  GRDAF)  -  Grounded Lithium Corp. (\"\n \n GLC\n \n \" or the \"\n \n Company\"\n \n ) filed and received the receipt for our preliminary short-form prospectus with the securities commissions in\n \n British Columbia\n \n ,\n \n Alberta\n \n ,\n \n Saskatchewan\n \n ,\n \n Manitoba\n \n ,\n \n Ontario\n \n and Quebec.   This filing is in connection with our non-brokered private placement of 12,000,000 special warrants (the \"\n \n Special Warrants\n \n \") of the Company for gross proceeds of\n \n $3,000,000\n \n (the \"\n \n Offering\n \n \") completed on\n \n November 4\n \n , 2022.    The Special Warrants are automatically exercisable for units (\"\n \n Units\n \n \") on a one-for-one basis, each Unit comprised of one common share of the Company and one common share purchase warrant of the Company with a strike price of\n \n $0.50\n \n and exercisable for a period of 24-months from the closing of the Offering.  Each Special Warrant will be automatically exercised into Units on the date which is the earlier of:\n \n \n \n \n \n \n \n \n \n (i)    the second business day following the date on which a receipt is obtained from the Alberta Securities Commission, as principal regulator on behalf of the applicable securities regulatory authorities in each of the provinces and territories of\n \n Canada\n \n in which the Special Warrants are sold for a (final) prospectus to qualify the distribution of the Units underlying the Special Warrants; and\n \n \n (i...