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CENTURY LITHIUM CLOSES C$7,000,000 BROKERED LIFE FINANCING
Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) (Frankfurt: C1Z) ("Century Lithium" or the "Company") is pleased to announce that it has completed its previously announced brokered private placement, which was initially announced on March 10, 2026 (the "Offering"). Under the Offering, the Company issued 14,893,616 units of the Company ("Units") at a price of $0.47 per Unit for gross proceeds of C$7,000,000.
About this update from Century Lithium Corp
/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/ VANCOUVER, BC, March 16, 2026 /CNW/ - Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) (Frankfurt: C1Z) ("Century Lithium" or the "Company") is pleased to announce that it has completed its previously announced brokered private placement, which was initially announced on March 10, 2026 (the "Offering"). Under the Offering, the Company issued 14,893,616 units of the Company ("Units") at a price of $0.47 per Unit for gross proceeds of C$7,000,000. The Offering was conducted on a commercially reasonable "best efforts" basis by A.G.P. Canada Investments ULC, acting as sole agent and bookrunner (the "Agent") and A.G.P./Alliance Global Partners acting as sole U.S. placement agent. Each Unit is comprised of one common share in the capital of the Company (a "Share") and one Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to acquire one additional Share (a "Warrant Share") at a price of $0.65 for a period of five (5) years from the closing of the Offering. The Units were offered by way of the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions ("NI 45-106"), as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Order"), in each of the provinces of Canada (except Québec). Pursuant to NI 45-106 and the Order, the Units issued to Canadian residents under the Offering are not subject to resale restrictions. The Company relied on the exemptions in Part 5A of NI 45-106 and the Order, and was qualified to distribute securities in reliance on the exemptions included therein. In connection with the Offering, the Agents received a cash commission equal to 7.0% of the gross proceeds of the Offering and the Company issued to the Agent non-transferable warrants ("Broker Warrants") representing 3.0% of the aggregate number of Units sold pursuant to the Offering. Each Broker Warrant entitles the holder to purchase one Share of the Company at a price of $0.65 for a period of five (5) years from the closing of the Offering. The Company intends to use the net proceeds raised from the Off...
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