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Grounded Lithium Announces Non-Brokered Private Placement and Termination of Best Efforts Brokered Financing
Grounded Lithium Announces Non-Brokered Private Placement and Termination of Best Efforts...
About this update from Grounded Lithium Corp
[{"type":"text","content":"\n \n \n \n Grounded Lithium Announces Non-Brokered Private Placement and Termination of Best Efforts Brokered 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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: RIGHT; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\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 Oct. 18, 2022\n \n \n /CNW/ - (TSXV: GRD) - Grounded Lithium Corp. (\"\n \n GLC\n \n \" or the \"\n \n Company\"\n \n ) is pleased to announce it intends to raise up to\n \n $3.0 million\n \n by way of a non-brokered private placement (the \"\n \n Offering\n \n \") of special warrants (the \"\n \n Special Warrants\n \n \") at a price of\n \n $0.25\n \n per Special Warrant.  Each Special Warrant will entitle the holder to one unit of the Company (a \"\n \n Unit\n \n \"), with each Unit consisting of one common share of the Company (a \"\n \n Common Share\n \n \") and one common share purchase warrant (a \"\n \n Warrant\n \n \").  Each Warrant shall be exercisable to acquire one Common Share (a \"\n \n Warrant Share\n \n \") at a price of\n \n $0.50\n \n per Warrant Share for a period of 24 months from the closing of the Offering.  In total, up to 12,000,000 Common Shares will be issued together with up to 12,000,000 Warrants, which if exercised would provide an additional\n \n $6.0 million\n \n to the Company...