Argentina Lithium Announces Amendment to the Terms of the Non-Brokered Private Placement Using the Listed Issuer Financing Exemption
Argentina Lithium Corp. (TSXV: LIT) (Argentina Lithium or the Company) is pleased to announce that it has amended the terms of its previously announced non-brokered private placement (the Private Placement) using the listed issuer financing exemption. This amendment comes as part of the Company’s efforts to strategically position itself in the lithium market and leverage opportunities in the sector.
The primary goal of the amended Private Placement is to provide Argentina Lithium with additional working capital to advance its flagship projects in Argentina. This move aligns with the Company’s overarching strategy of developing its lithium assets and establishing itself as a key player in the global lithium market.
Through the amended terms of the Private Placement, Argentina Lithium will issue units at a price of $0.06 per unit, with each unit consisting of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase an additional common share of the Company at a price of $0.10 for a period of 24 months following the closing of the financing.
The Company intends to use the proceeds from the Private Placement for general working capital purposes and to fund ongoing exploration and development activities at its flagship projects. Argentina Lithium remains committed to advancing its projects in a sustainable and responsible manner while creating long-term value for its shareholders.
Furthermore, the amended Private Placement is subject to regulatory approval, including the approval of the TSX Venture Exchange. The Company anticipates that closing of the financing will occur promptly following receipt of all necessary approvals.
Argentina Lithium Corp. is a Canada-based lithium exploration and development company focused on advancing its high-potential projects in Argentina. With a strong management team and a clear strategy in place, the Company is well-positioned to capitalize on the growing demand for lithium in key industries such as electric vehicles and renewable energy storage.
In conclusion, the amendment to the terms of the non-brokered Private Placement using the listed issuer financing exemption represents a significant milestone for Argentina Lithium as it continues to execute its strategic objectives in the lithium market. The Company’s commitment to sustainable practices, coupled with its dedication to driving shareholder value, sets it apart as a promising player in the evolving lithium sector.
