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Lithium Chile Announces Closing of $7,975,000 Life Offering
(TheNewswire) CALGARY, ALBERTA – TheNewswire - October 7, 2025 – Lith...
About this update from Lithium Chile Inc
[{"type":"text","content":"Lithium Chile Announces Closing of $7,975,000 Life Offering\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n CALGARY, ALBERTA –\n \n\n TheNewswire\n-\n \n\n October 7, 2025 – Lithium Chile Inc.\n \n\n (\n \n\n TSX\nVenture Exchange: LITH\n \n\n )\n(OTC-QB: LTMCF)\n \n\n (\"\n \n\n Lithium Chile\n \n\n \"\nor the \"\n \n\n Company\n \n\n \")\n \n\n is\npleased to announce that, further to the news releases of the Company\ndated September 17, 2025, September 18, 2025, and September 24, 2025,\nit has closed its previously announced brokered private placement with\nCanaccord Genuity Corp., acting as lead agent and sole bookrunner on\nbehalf of a syndicate of agents including Moneta Securities (Alberta)\nCorp. (the \"\n \n\n Agents\n \n\n \"). The Company issued 15,950,000\nunits of the Company (each, a \"\n \n\n Unit\n \n\n \") at a\nprice of $0.50 per Unit (the \"\n \n\n Unit Price\n \n\n \") for\naggregate proceeds of $7,975,000 (the \"\n \n\n Offering\n \n\n \")\nincluding the exercise in full of the Agents’ option.\n \n\n\n\n Steven Cochrane, the President and\nCEO of the Company, said \"We are pleased to close this\nwell-supported Offering, which provides important capital to advance\nour high-potential projects and create long-term value for our\nshareholders.\"\n \n\n\n\n Each Unit consists of one common share in the capital\nof the Company (each a “\n \n\n Common Share\n \n\n ”) and one common share purchase\nwarrant (each a \"\n \n\n Warrant\n \n\n \") of the Company. Each Warrant\nentitles the holder thereof to acquire one common share of the Company\n(each, a \"\n \n\n Warrant\n \n\n Share\n \n\n \") at\na price of $0.70 per Warrant Share for a period of five years from the\nclosing date of the Offering.\n \n\n\n\n The Units were sold pursuant to the listed issuer\nfinancing exemption under Part 5A of National Instrument 45-106 –\n \n\n Prospectus\nExemptions\n \n\n , as amended by Coordinated Blanket\nOrder 45-935. The Units are immediately freely tradeable under\napplicable Canadian securities legislation for Canadian purchasers.\nThe Offering is subject to certain conditions including, but not\nlimited to, the receipt of all required regulatory approvals including\nfinal approval of the TSX Venture Exchange.\n \n\n\n\n As consideration for acting as ag...