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SOUTHERN LITHIUM CORP V.SNL

"Southern Lithium Corp is a resource exploration company. The Company is engaged in acquiring and exploring mineral properties."


TSXV:SNL - Post by User

Post by Mackooon Sep 04, 2017 3:03pm
170 Views
Post# 26653877

Private placement

Private placementSam Eskandari took another 50k shares and judging by the finder's fee, it looks like Foremost capital customers took the rest for an average $100k per placee at 25 cents. All things considered, it certainly looks like a combination of shorting and pp shares from last summer would have pushed the  price down. I don't see information leakage about results. In fact they know they have lithium based on shallow drilling in the past. It's just a matter of how much and my understanding is that you usually have higher lithium content the deeper you find it.
We should see a NR about the second drill hole being completed this week.
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