VOLT LITHIUM ANNOUNCES $6 MILLION MARKETED PUBLIC OFFERING OF UNITS

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[{"type":"text","content":"\n \n \n \n VOLT LITHIUM ANNOUNCES $6 MILLION MARKETED PUBLIC OFFERING OF UNITS\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\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR PUBLICATION, RELEASE OR DISSEMINATION IN\n \n THE UNITED STATES\n \n \n /\n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n July 25, 2023\n \n \n /CNW/ - Volt Lithium Corp. (TSXV: VLT) (FSE: I2D) (\"\n \n Volt\n \n \" or the \"\n \n Company\n \n \") announces that it has entered into an engagement letter with Canaccord Genuity Corp. (\"\n \n Canaccord Genuity\n \n \") pursuant to which the Canaccord Genuity has agreed to lead, on behalf of a syndicate of agents including Paradigm Capital (collectively, the \"\n \n Agents\n \n \"), on a \"best-efforts\" marketed basis, a public offering (the \"\n \n Offering\n \n \") of any combination of: (i) flow-through units of the Company (the \"\n \n FT Units\n \n \") at a price of\n \n $0.24\n \n per FT Unit, and (ii) units of the Company (the \"\n \n HD Units\n \n \" and collectively with the FT Units, the \"\n \n Units\n \n \") at a price of\n \n $0.22\n \n per HD Unit for aggregate gross proceeds to the Company of up to\n \n $6,000,000\n \n .\n \n \n Each FT Unit will consist of one common share in the capital of the Company (each, a \"\n \n Common Share\n \n \") and one-half of one Common Share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \"), which FT Units 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 Tax Act\n \n \", which shall include such amendments or specific proposals publicly announced by or on behalf of the Minister of Finance (including those contemplated in the Federal Budget released by the Minister of Finance on\n \n March 28, 2023\n \n ), and each HD Unit will consist of one Common Share and one-half of one Warrant (the HD Units will be issued without the benefit of any flow-through tax consequences). Each Warrant will ent...

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