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Lithium Ionic Closes First Tranche of Oversubscribed $15M Non-brokered Private Placement
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUT...
About this update from Lithium Ionic Corp
[{"type":"text","content":"Lithium Ionic Closes First Tranche of Oversubscribed $15M Non-brokered Private Placement\n\n\n\n THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.\n \n\n TORONTO, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (\n \n TSXV: LTH; OTCQB: LTHCF; FSE: H3N\n \n ) (“Lithium Ionic” or the “Company”) reports that is has closed the first tranche of its previously announced non-brokered private placement financing of 18,350,141 units (the “Units”) at $0.70 per Unit for gross proceeds of $12,845,098 (the “First Tranche”) announced on\n \n September 22, 2025\n \n and September 25, 2025. The Company is announcing a final upsize of the private placement which shall now be comprised of up to 26,080,141 Units at $0.70 per Unit for gross proceeds of up to $18,256,099 (the “Upsized Offering”). The books are closed on the Upsized Offering and Lithium Ionic expects to close the final tranche of the Upsized Offering on or about October 3, 2025.\n \n\n Each Unit is comprised of one common share in the capital of the Company (each a “Common Share”) and one Common Share purchase warrant (each, a “Warrant”). Each Warrant shall entitle the holder to purchase one Common Share at an exercise price of $0.90 per Common Share for a period of 24 months following the date of issuance.\n \n\n The Upsized Offering was backed by Martin Rowley, a recognized leader in the lithium industry and a proven builder of multi-billion-dollar mining companies, members of RTEK International DMCC (“RTEK”), an experienced team of lithium veterans recognized for successfully designing and developing projects worldwide, as well as key strategic shareholders.\n \n\n The Company plans to use the aggregate net proceeds of the for development of its Brazilian properties and general corporate purposes.\n \n\n The securities being issued pursuant to the Upsized Offering are subject to a four-month hold period under applicable securities laws.   The Upsized Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange (“TSXV...