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Vision Lithium Announces Closing of Flow-Through Share Offering for Gross Proceeds of $503,000
Vision Lithium Announces Closing of Flow-Through Share Offering for Gross Proceeds of $503...
About this update from Vision Lithium, Inc.
[{"type":"text","content":"\n\n\n\nVision Lithium Announces Closing of Flow-Through Share Offering for Gross Proceeds of $503,000\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVAL-D'OR, QC, Dec. 31, 2019\n\n\n\nVAL-D'OR, QC, Dec. 31, 2019 /CNW/ - Vision Lithium Inc. (TSXV: VLI) (OTC PINK: ABEPF) (the \"Company\" or \"Vision Lithium\") is pleased to announce that it has closed a private placement of 10,060,000 common shares of the Corporation that will qualify as \"flow-through shares\" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)) (the \"Flow-Through Shares\") at a price of $0.05 per Flow-Through Share for aggregate gross proceeds of $503,000 (the \"Offering\").\nIn connection with the Offering, finders' fees totalling $30,380 were paid to third parties dealing at arm's length with the Company.\nThe gross proceeds from the Offering will be used by the Corporation to incur eligible \"Canadian exploration expenses\" that will qualify as \"flow-through mining expenditures\" as such terms are defined in the Income Tax Act (Canada) (the \"Qualifying Expenditures\") related to the Corporation's projects in Québec. All Qualifying Expenditures will be renounced in favour of the subscribers of the Flow-Through Shares effective December 31, 2019.\nAll securities issued under the Offering are subject to a four month hold period which will expire May 1, 2020. The Offering is subject to final acceptance of the TSX Venture Exchange. \nThe securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news 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.\nAbout Vision Lithium Inc.\nVision Lithium Inc. is a junior exploration company focused on exploring and developing high quality batter...