LithiumBank Resources Corp. announced a non-brokered private placement to issue 2,000,000 units at a price of CAD 1 for the gross proceeds of CAD 2,000,000 on October 10, 2023. Each unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at a price of CAD 1.50 per common share for a period of 24 months from the date of issuance, subject to the policies of the TSX Venture Exchange. The offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the TSXV. The company expects to pay the following finders? fees to certain eligible finders in connection with the offering a cash commission of 6.0% of the gross proceeds raised under the offering from investors introduced to the company by the applicable finder and such number of non-transferable common share purchase warrants of the company equal to 6.0% of
the units sold under the offering.