Extremely Lithium Inc. (TSX-V: ULT OTCQB: ULTXF) (“Extremely Lithium” or the “Firm”) is happy to announce that it has closed a non-brokered non-public placement issuing 3,636,364 Items at a value of C$0.055 per Unit for gross proceeds of C$200,000.
Every Unit might be comprised of 1 frequent share of the Firm (every, a “Unit Share”) and one half of 1 frequent share buy warrant (every entire warrant, a “Warrant”). Every entire Warrant will entitle the holder thereof to buy one frequent share of the Firm (every, a “Warrant Share”) at $0.11 within the first twelve months following issuance and at $0.25 within the second twelve months following issuance. The web proceeds from the sale of Items might be used for common working capital functions.
There aren’t any finders charges related to this Personal Placement. The Personal Placement is topic to receipt of all essential regulatory approvals together with the TSX Enterprise Alternate. The Unit Shares and Warrant Shares might be topic to a maintain interval of 4 months and in the future in accordance with relevant securities legal guidelines.
About Extremely Lithium Inc.
Extremely Lithium Inc. is an exploration and growth firm with a deal with the acquisition and growth of lithium, gold, and copper belongings. The Firm holds a brine lithium property in Argentina, onerous rock spodumene sort lithium properties on the Georgia Lake / Forgan Lake space in northwestern Ontario, Canada, and a brine lithium property within the Massive Smoky Valley, Nevada, USA. The Firm additionally holds different gold and base metals properties in Argentina.
ON BEHALF OF THE BOARD OF DIRECTORS
Kiki Smith, CFO, Director
For additional data, please contact the Firm at:
Consideration: Kiki Smith
Phone: 778 968-1176
Electronic mail: [email protected]
Web site: www.ultralithium.com
or view the Firm’s filings at www.SEDAR.com.
Cautionary Assertion Concerning “Ahead-Wanting” Data
Among the statements contained on this press launch are forward-looking statements and data throughout the which means of relevant securities legal guidelines. Ahead-looking statements and data may be recognized by way of phrases akin to “plans”, “expects”, “intends”, “is anticipated”, “potential”, “suggests” or variations of such phrases or phrases, or statements that sure actions, occasions or outcomes “could”, “may”, “ought to”, “would”, “would possibly” or “will” be taken, happen or be achieved. Ahead-looking statements and data should not historic information and are topic to plenty of dangers and uncertainties past the Firm’s management. Precise outcomes and developments are prone to differ and should differ materially, from these expressed or implied by the forward-looking statements contained on this information launch. Accordingly, readers mustn’t place undue reliance on forward-looking statements. The Firm undertakes no obligation to replace publicly or in any other case revise any forward-looking statements, besides as could also be required by legislation.
Neither TSX Enterprise Alternate nor its Rules Providers Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.