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Vision Lithium Completes Second and Final Tranche of Private Placement for Additional Gross Proceeds of $825,000
Vision Lithium Completes Second and Final Tranche of Private Placement for Additional Gro...
About this update from Vision Lithium, Inc.
[{"type":"text","content":"\n \n \n \n Vision Lithium Completes Second and Final Tranche of Private Placement for Additional Gross Proceeds of $825,000\n \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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n VAL-D'OR, QC\n \n ,\n \n Jan. 5, 2021\n \n /CNW/ - Vision Lithium Inc. (TSXV: VLI) (OTC PINK: ABEPF) (the \"\n \n Company\n \n \" or \"\n \n Vision Lithium\n \n \") is pleased to announce the completion of the second and final tranche of its non-brokered private placement previously announced on\n \n November 18, 2020\n \n and\n \n December 17, 2020\n \n (the \"\n \n Offering\n \n \"). The second and final tranche consisted of: (i) 40,250,000 units of Company (the \"\n \n Units\n \n \") at a price of\n \n $0.02\n \n per Unit; and (ii) 400,000 common shares of the Company issued as \"flow-through shares\" (within the meaning of subsection 66(15) of the\n \n Income Tax Act\n \n (\n \n Canada\n \n ) and section 359.1 of the\n \n Taxation Act\n \n (\n \n Quebec\n \n )) (the \"\n \n Flow-Through Shares\n \n \") at a price of\n \n $0.05\n \n per Flow-Through Share, for additional aggregate gross proceeds of\n \n $825,000\n \n . The aggregate gross proceeds of the Offering, including proceeds from the first tranche completed on\n \n December 23, 2020\n \n , are\n \n $1,608,000\n \n . Each Unit consists of one common share of the Company (a \"\n \n Share\n \n \") and one common share purchase warrant (a \"\n \n Warrant\n \n \"), with each Warrant entitling the holder thereof to purchase one Share at price of\n \n $0.05\n \n per Share for a period of 3 years following the date of issuance.\n \n \n In connection with the second and final tranche, finder's fees totalling\n \n $35,000\n \n were paid to third parties dealing at arm's length with the Company.\n \n \n The Company intends to use the net proceeds for exploration of certain of its properties and for general corporate and working capital purposes.\n \n \n A...