Tucana may raise $1 million through private placement or convertible

Proceeds used to execute next phase of company's exploration campaign

By Devika Patel

Knoxville, Tenn., Jan. 23 - Tucana Lithium Corp. reported plans to raise $1 million through a private placement or a convertible debenture in a 10-Q filed Monday with the Securities and Exchange Commission.

Proceeds will be used to execute the next phase of the company's exploration campaign and for future acquisitions.

Tucana is a private lithium exploration company based in Las Vegas. It owns the Abigail Lithium Project.

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