Business
Sigma Lithium Announces C$60 Million Private Placement of Common Shares at C$11.75
VANCOUVER, BC, Dec. 10, 2021 /CNW/ -- Sigma Lithium Corporation (NASDAQ: SGML, TSXV: SGML) ("Sigma" or the "Company") is pleased to announce that it intends to
About this update from Sigma Lithium Corporation
[{"type":"text","content":" VANCOUVER, BC, Dec. 10, 2021 /CNW/ -- Sigma Lithium Corporation (NASDAQ: SGML, TSXV: SGML) (\"Sigma\" or the \"Company\") is pleased to announce that it intends to complete a non-brokered private placement of approximately 5,106,383 common shares of the Company (\"Common Shares\") to be issued at a price of C$11.75 per Common Share for expected aggregate gross proceeds of approximately C$60,000,000 (or approximately US$47,244,094) (the \"Offering\"). Leading global investors (\"LPs\") focused on ESG & sustainability, are expected to comprise the majority of the investors in the Offering. The closing of the Offering is subject to customary conditions, including the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the \"TSXV\"). The Company has entered into an agreement with the A10 Group to provide services in respect of the Offering, and A10 Group will be entitled to finder's compensation for purchases by subscribers it introduces. Certain principals of the A10 Group are directors, officers or indirect significant shareholders of the Company. The Company expects to use the net proceeds of the Offering for the construction and development of its wholly owned Grota do Cirilo Project (the \"Project\") and for general corporate purposes, at the sole discretion of the Company. The Offering is scheduled to close on or about December 16, 2021, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and the securities regulatory authorities. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the 1933 Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and the application of state securities laws. This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of Common Shares under the Offering, in any jurisdiction in which such offer, solicitation or sale would be un...