Business
Standard Lithium Announces Receipt of Additional $426,000 to Proceeds of $1.00 Offering
VANCOUVER, British Columbia, April 15, 2019 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (the “Company”) (TSXV: SLL) is pleased to announce that it has received su
About this update from Standard Lithium Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, April 15, 2019 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (the “Company”) (TSXV: SLL) is pleased to announce that it has received subscriptions for a further $426,000 of the Company’s $1.00 unit offering. The Company has accepted these subscriptions, and has issued 426,000 units (each, a “Unit”) at price of $1.00 per Unit. Each “Unit” consists of one common share of the Company, and one-half-of-one common share purchase warrant (each whole warrant, a “Warrant”). Each “Warrant” entitles the holder to acquire one additional common share of the Company at a price of $1.30 per share, subject to adjustment in certain events, for a period of thirty-six months. The Units were offered by the Company on a non-brokered private placement basis, and are subject to a four-month-and-day statutory hold period in accordance with applicable securities laws. No fees or commissions were paid in connection with the acceptance of these additional subscriptions. About Standard Lithium Ltd. Standard Lithium (TSXV: SLL) is a specialty chemical company focused on unlocking the value of existing large-scale US based lithium-brine resources. The Company believes new lithium production can be brought on stream rapidly by minimizing project risks at selection stage (resource, political, geographic, regulatory and permitting), and by leveraging advances in lithium extraction technologies and processes. The Company’s flagship project is located in southern Arkansas, where it is engaged in the testing and proving of the commercial viability of lithium extraction from over 150,000 acres of permitted brine operations utilizing the Company’s proprietary selective extraction technology. The Company is also pursuing the resource development of over 30,000 acres of separate brine leases located in southwestern Arkansas and approximately 45,000 acres of mineral leases located in the Mojave Desert in San Bernardino County, California. Standard Lithium is listed on the TSX Venture Exchange under the trading symbol “SLL”; quoted on the OTC - Nasdaq Intl Designation under the symbol “STLHF”; and on the Frankfurt Stock Exchange under the symbol “S5L”. Please visit the Company’s website at www.standardlithium.com. On behalf of the Board, Standard Lithium Ltd. Robert Mintak, CEO & Director Neither TSX Venture Exc...