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Lithium Chile Announces Closing of the First Tranche of its Private Placement
Lithium Chile Announces Closing of the First Tranche of its Private Placement Cana...
About this update from Lithium Chile Inc
[{"type":"text","content":"\n\n\n\nLithium Chile Announces Closing of the First Tranche of its Private Placement\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\nCanada NewsWire\nCALGARY, Feb. 20, 2018\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\n\nTSX Venture Exchange: \"LITH\"                                                                                                  \n\nPrivate Placement \n\n\n\nCALGARY, Feb. 20, 2018 /CNW/ - Lithium Chile Inc. (\"Lithium Chile\" or the \"Corporation\") is pleased to announce that it has, subject to TSX Venture Exchange Inc. (the \"TSXV\") final approval, closed the first tranche of its previously announced non-brokered private placement (the \"Private Placement\") of units of the Corporation (\"Units\"), pursuant to which, Lithium Chile issued an aggregate of 2,812,200 Units for gross proceeds of CDN$2,812,200 (the \"First Tranche\"). Each Unit is comprised of one (1) common share in the capital of the Corporation (a \"Common Share\") and one-half (1/2) of one common share purchase warrant of the Corporation (a \"Warrant\"). Each whole Warrant entitles the holder thereof to purchase one (1) Common Share at a price of $1.50 per share expiring two (2) years from the date of issuance.\n\nIn connection with the closing of the First Tranche, Lithium Chile has paid finders a cash commission of 7% of the proceeds of the First Tranche that resulted from such party's efforts, subject to compliance with applicable securities laws.  The finders have also been granted broker warrants to purchase 7% of t...