Post by
topgun on Jun 05, 2023 2:00pm
Take out are starting in the Li space. AMLI 9.9% of NILI.
VANCOUVER, BC / ACCESSWIRE / June 1, 2023 / Surge Battery Metals Inc. (the "Company" or "Surge") (TSXV:NILI)(OTC PINK:NILIF)(FRA:DJ5C) is pleased to announce a non-brokered private placement (the "Private Placement") of up to 17,900,000 units (the "Units") at a price of $0.40 per Unit. Each Unit will consist of one common share and one share purchase warrant (the "Warrants"). Each share purchase warrant will be exercisable for a period of three years from the date of issuance at a price of $0.55 per share. The Private Placement includes a strategic equity investment by American Lithium Corp. (NASDAQ: AMLI, TSXV: LI), a lithium exploration and development company. Upon completion of the Private Placement, American Lithium Corp. will own approximately 9.9% of Surge's issued and outstanding common shares on a non-diluted basis