News.
Argentina Lithium 36,340,948-unit private placement
2022-11-22 18:56 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Nov. 3, 2022, Nov. 16, 2022, and Nov. 21, 2022.
Number of shares: 36,340,948 common share units (Each unit consists of one common share in the capital of the company and one share purchase warrant.)
Purchase price: 25 cents per unit
Warrants: 36,340,948 whole warrants to purchase 36,340,948 shares
Warrant price: 40 cents, exercisable at any time prior to Nov. 21, 2024
Number of placees: 36 placees
Total existing insider involvement: 205,000 units (four existing insiders)
Finder's fee: $22,260 cash and 89,040 warrants (one finder) (The non-transferable finder's warrants shall be exercisable into shares at a price of 40 cents per finder's warrant until Nov. 21, 2024.)
The company issued a news release on Nov. 21, 2022, confirming the closing of the private placement. Note that in certain circumstances the exchange may later extend the expiry date of the warrants if they are less than the maximum permitted term.