Lithium Ionic Corp (TSE:LTH) has released an update.
Lithium Ionic Corp has successfully completed an oversubscribed private placement, raising approximately $16 million through the issuance of Units at $0.90 each, with proceeds aimed at developing its Brazilian properties and general corporate purposes. The offering attracted strong interest from strategic shareholders, including Fourth Sail Capital and PowerOne Capital Group, with additional incentives through Warrants allowing further share purchases at $1.05. The company also paid finder’s fees and issued Finder’s Warrants as part of the deal, which is pending final TSX Venture Exchange approval.
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