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United Lithium Appoints Scott Eldridge as Chief Executive Officer and Announces $7 Million Private Placement
VANCOUVER, British Columbia, Feb. 21, 2023 (GLOBE NEWSWIRE) -- United Lithium Corp. (CSE: ULTH; OTC: ULTHF; FWB: 0ULA) (“ULTH” or the “Company”) is pleased to a
About this update from United Lithium Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 21, 2023 (GLOBE NEWSWIRE) -- United Lithium Corp. (CSE: ULTH; OTC: ULTHF; FWB: 0ULA) (“ULTH” or the “Company”) is pleased to announce the appointment of Mr. Scott Eldridge as the new President & Chief Executive Officer of the Company. Mr. Eldridge has also joined the Company’s Board of Directors. Mr. Michael Dehn, the previous President & Chief Executive Officer, will transition to a consulting role with the Company. The Company wishes to provide Mr. Dehn with full recognition for his significant contributions in leading the Company and its portfolio to its current position of strength. The Board of Directors of the Company appreciates Mr. Dehn’s continued commitment in his new role as a consultant and advisor to the Company. Mr. Dehn will continue to work with the exploration teams in North America and Europe to advance the projects in his new position. Mr. Eldridge brings with 15 years of experience in the metals and mining industry focused on capital markets, having served in various buy-side, sell-side and issuer roles. Mr. Eldridge was a co-founder of Euroscandic International Group, an advisory firm where he raised upwards of $350M of combined equity and non-equity for project finance for mine builds. Mr. Eldridge also served as CFO of Amarillo Gold prior to its takeover by Hochschild Mining and more recently, CEO and director of Canagold Resources. Mr. Eldridge is currently also a director of Nevada Lithium Resources. Mr. Eldridge conducted his bachelor studies at Capilano University in Vancouver, Canada and Arcada University in Helsinki, Finland and received his M.B.A. at Central European University in Budapest, Hungary. Private Placement Offering The Company is also pleased to announce that it intends to complete a non-brokered private placement (the \"Offering\") consisting of up to 50,000,000 units (each, a “Unit”) of the Company at a price of $0.14 per Unit for gross proceeds of up to C$7,000,000. Each Unit is comprised of one common share (“Share”) and one Share purchase warrant entitling the holder to acquire one additional Share at a price of C$0.25 for a period of twenty-four months. The Company intends to use the net proceeds raised from the ...