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LIFT ANNOUNCES MARKETED PUBLIC OFFERING
LIFT ANNOUNCES MARKETED PUBLIC OFFERING Canada NewsWire /NOT FOR DISTRIBUTI...
About this update from Li-ft Power Ltd.
[{"type":"text","content":"\n \n \n \n LIFT ANNOUNCES MARKETED PUBLIC OFFERING\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 \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES\n \n \n \n \n OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n \n March 18, 2024\n \n \n /CNW/ - Li-FT Power Ltd. (\"\n \n LIFT\n \n \" or the \"\n \n Company\n \n \") (TSXV: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) is pleased to announce that it has commenced a marketed best efforts public offering (the \"\n \n Public Offering\n \n \") of up to 1,179,500 common shares of the Company that will qualify as \"flow-through shares\" (within the meaning of subsection 66(15) of the\n \n Income Tax Act\n \n (\n \n Canada\n \n )) (the \"\n \n Flow-Through Shares\n \n \") at a price of\n \n $6.05\n \n per Flow-Through Share (the \"\n \n Offering Price\n \n \") for aggregate gross proceeds of up to\n \n $7,135,975\n \n .\n \n \n The Public Offering is being conducted through a syndicate of agents led by Canaccord Genuity Corp. (collectively, the \"\n \n Agents\n \n \").\n \n \n The Company is also undertaking a concurrent non-brokered private placement of up to 689,660 traditional flow-through shares (the \"\n \n Non-Brokered Flow-Through Shares\n \n \") at a price of\n \n $4.35\n \n per Non-Brokered Flow-Through Share for gross proceeds of up to\n \n $3,000,021\n \n (the \"\n \n Non-Brokered Offering\n \n \"). The Non-Brokered Flow Through Shares purchased pursuant to the Private Placement will be issued on a prospectus exempt basis and subject to a statutory hold period.\n \n \n The Public Offering will be conducted pursuant to the Company's Canadian base shelf prospectus dated\n \n December 22, 2023\n \n (the \"\n \n Base Shelf Prospectus\n \n \"). A prospectus supplement (the \"\n \n Prospectus Supplement\n \n \") relating to the Public Offering will be filed in each of the provinces and territories of\n \n Canada\n \n , except the Province of\n \n Quebec\n \n , and may be offered in\n \n the ...