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Lithium Chile Announces Closing of Previously Announced $0.60 Unit Financing (TSXV:LITH) (OTCBB:LTMCF)
(TheNewswire) CALGARY, ALBERTA – TheNewswire - November 10, 20...
About this update from Lithium Chile Inc
[{"type":"text","content":"Lithium Chile Announces Closing of Previously Announced $0.60 Unit Financing (TSXV:LITH) (OTCBB:LTMCF)\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n CALGARY, ALBERTA –\n \n \n TheNewswire\n-\n \n \n November 10, 2021\n \n \n –\nLithium Chile Inc. (“\n \n \n Lithium\nChile\n \n \n ” or the “\n \n \n Company\n \n \n ”)\n \n \n (TSXV:LITH)\n(OTCBB:LTMCF)\n \n \n is\n \n \n pleased\nto announce that it has closed its recently announced non-brokered\nprivate placement of units\n \n \n of the Company\n(“\n \n \n Units\n \n \n ”) at a price of $0.60 per Unit,\n \n \n issuing 6,922,817 Units for aggregate gross proceeds of\n$4,153,690.20 (the \"\n \n \n Offering\n \n \n \").\n \n \n Each\nUnit is comprised of one (1) common share of the Company\n(“\n \n \n Common Share\n \n \n ”) and one (1) Common Share purchase warrant\n(“\n \n \n Warrant\n \n \n ”). Each Warrant is exercisable at $0.75 per Common Share\nfor a period of 24 months from the date of closing of the Offering.\nLithium Chile paid cash commissions to qualified non-related parties\nof $192,144.51.\n \n \n The proceeds of the Offering\nwill be used for working capital and to pay the expenses of the\nOffering.\n \n \n \n \n Completion of the Offering is subject to regulatory\napproval including, but not limited to, the approval of the TSX\nVenture Exchange. The Common Shares and Warrants issued under the\nOffering are subject to a four month hold period from the date of the\nclosing of the Offering.\n \n \n \n \n The Company further announces that it has engaged\nClarkham Capital in providing investor relations and digital marketing\nservices throughout Europe. There were no options issued to Clarkham\nas part of this engagement.\n \n \n \n \n About Lithium Chile\n \n \n \n \n Lithium Chile is advancing a lithium property portfolio\nconsisting of 68,800 hectares covering sections of 10 salars and two\nlaguna complexes in Chile and 1 property of 23,300 hectares in\nArgentina.\n \n \n \n \n Lithium Chile also owns 5 properties, totaling 22,429\nhectares, that are prospective for gold, silver and copper.\nExploration efforts are continuing on Lithium Chile’s Carmona\ngold/silver/copper property which lies in the heart of the Chilean\nmega porphyry gold/ silver/copper belt.\n \n \n \n \n Li...