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Lithium Chile Announces Upsized Life Offering of Up to $7,000,000
NOT FOR PUBLICATION OR DISTRIBUTION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRIC...
About this update from Lithium Chile Inc
[{"type":"text","content":"Lithium Chile Announces Upsized Life Offering of Up to $7,000,000\n\n\n\n\n NOT FOR PUBLICATION OR DISTRIBUTION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAWS.\n \n\n\n CALGARY, Alberta, Sept. 24, 2025 (GLOBE NEWSWIRE) -- Lithium Chile Inc. (\"Lithium Chile\" or the \"Company\") is pleased to announce that due to strong market demand, the offering was oversubscribed and it has agreed with its agents, Canaccord Genuity Corp., as lead agent and sole bookrunner (\"Canaccord Genuity\"), and Moneta Securities Inc. (together with Canaccord Genuity, the \"Agents\") to increase the size of the previously announced \"best efforts\" private placement. As a result of this second amendment, the offering will consist of up to 14,000,000 units of the Company (each, a \"Unit\") at a price of $0.50 per Unit (the \"Offering Price\") for aggregate gross proceeds of up to $7,000,000 (the \"Offering\"). The Company has also granted the Agents an option, exercisable in whole or in part at any time prior to the closing of the Offering, to arrange for the sale of up to an additional 1,950,000 Units at the Offering Price, for additional gross proceeds of up to $975,000.\n \n\n Each Unit will consist of one common share in the capital of the Company (each, a \"Unit Share\") and one common share purchase warrant of the Company (a \"Warrant\"). Each Warrant will entitle the holder thereof to acquire one common share in the capital of the Company (each, a \"Warrant Share\") at a price of $0.70 per Warrant Share for a period of 5 years following the closing of the Offering.\n \n\n The Units will be offered for sale under the listed issuer financing exemption pursuant to Part 5A of National Instrument 45-106 –\n \n Prospectus\n \n Exemptions (\"NI 45-106\") as amended by Coordinated Blanket Order 45-935 –\n \n Exemptions from Certain Conditions of the Listed Issuer Financing Exemption\n \n (together, the \"Listed Issuer Financing Exemption\"), in each of the provinces of Canada except Québec. The securities issued under the Listed Issuer Financing Exemption will not be subject to a hold period pursuant to applicable Canadian securities laws.\n \n\n The Agents will also be entitled to offer the Units for sale in the United States pursuant to available exemptions ...