Under the Offering, the Company issued 17,769,778 units (the 'Units') at
Each Unit is comprised of one common share in the capital of the Company (each a 'Common Share') and one-half of one Common Share purchase warrant (each whole warrant, a 'Warrant'). Each Warrant will entitle the holder to purchase one Common Share at an exercise price of
The Company plans to use the aggregate net proceeds of the Offering for exploration and development of its Brazilian properties and general corporate purposes.
In connection with the closing of the Offering, the Company paid finder's fees of
The Offering is subject to the receipt of all necessary approvals, including the final approval of the
An officer of the Company has subscribed for 111,111 Units in the Offering (the 'Insider Investment').
The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within
About
Contact:
Tel: +1 647.316.2500
Email: info@lithiumionic.com
Cautionary Note Regarding Forward-Looking Statements
This press release contains statements that constitute 'forward-statements.' Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. When used in this press release, the words 'estimate', 'project', 'belief', 'anticipate', 'intend', 'expect', 'plan', 'predict', 'may' or 'should' and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the prospectivity and development of the Company's mineral properties, the Offering, the use of proceeds of the Offering and the Company's future plans. Such statements and information reflect the current view of the Company. Risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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