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Lithium Chile Further Upsizes its Previously Announced $0.60 Unit Financing (TSXV:LITH) (OTCBB:LTMCF)
(TheNewswire) CALGARY, ALBERTA – TheNewswire - October 29, 202...
About this update from Lithium Chile Inc
[{"type":"text","content":"Lithium Chile Further Upsizes its 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 October 29, 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) (OTC:LTMCF)\n \n \n is\n \n \n pleased to announce that it\nhas closed its subscription books, and due to strong investor demand\nfor its recently announced non-brokered private placement of units\n \n \n of the Company (“\n \n \n Units\n \n \n ”) at a price\nof $0.60 per Unit,\n \n \n it has additionally increased\nthe maximum size of the offering from 5,416,000 Units for aggregate\ngross proceeds of $3,249,600 to 6,900,000 Units for gross proceeds of\n$4,140,000 (the \"\n \n \n Offering\n \n \n \").\n \n \n Each\nUnit will be 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 shall be exercisable at $0.75 per Common\nShare for a period of 24 months from the date of closing of the\nOffering. Lithium Chile may pay a cash commission or finder's fee to\nqualified non-related parties of up to 5% of the gross proceeds of the\nOffering.\n \n \n The proceeds of the upsized Offering\nwill be used for working capital and to pay the expenses of the\nOffering.\n \n \n Unless the Company determines to\nfurther increase the gross proceeds of the Offering, if subscriptions\nreceived for the Offering based on all available exemptions exceed the\nmaximum Offering amount of\n \n \n $\n \n \n 4,140,000\n \n \n , Units will be allocated on a\nfirst come, first served basis.\n \n \n \n \n The Company confirms that\n \n \n there\nis no material fact or material change about the Company which has not\nbeen generally disclosed.\n \n \n Completion of the\nOffering is subject to regulatory approval including, but not limited\nto, the approval of the TSX Venture Exchange. The Common Shares and\nWarrants issued under the Offering will be subject to a four month\nhold period from the date of the closing of the Offering.\n \n \n \n \n About Lithium Chile\n \n \n \n \n Lithium Chile is advancing a lithium property portfolio...