Alpha Lithium Corporation (TSXV:ALLI) announced a non-brokered private placement of 8,000,000 units at a price CAD 0.25 per unit for a gross proceeds of up to CAD 2,000,000 on January 10, 2020. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of CAD 0.50 per share for a period of 24 months from the date of closing. The securities issued are subject to a hold period of four months from the closing date. The transaction is subject to the approval of TSX Venture Exchange.