Deal conducted in connection with the company’s qualifying transaction
By Devika Patel
Knoxville, Tenn., March 4 – Neo Lithium Corp. said it will raise at least C$4.2 million in a private placement of subscription receipts. The deal will be conducted in connection with the company’s qualifying transaction
The company will sell at least 12 million subscription receipts at C$0.35 apiece.
The deal will be conducted by PowerOne Capital Markets Ltd.
Proceeds will be used for exploration, technical work and general corporate purposes.
Neo Lithium holds mineral and surface rights over a lithium salar and brine lake complex in Argentina. It plans to combine with Toronto’s POCML 3 Inc.
| Issuer: | Neo Lithium Corp.
|
| Issue: | Subscription receipts
|
| Amount: | C$4.2 million (minimum)
|
| Receipts: | 12 million (minimum)
|
| Price: | C$0.35
|
| Warrants: | No
|
| Agent: | PowerOne Capital Markets Ltd.
|
| Pricing date: | March 4
|
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