Discovery Lithium Announces Closing of Private Placement Financing
Discovery Lithium Inc. (CSE:DCLI)(OTCQB:DCLIF) has completed its non-brokered private placement, raising $550,014.79 through the issuance of 10,000,249 units at $0.055 per unit. Each unit includes one common share and one warrant, exercisable at $0.10 per share for 24 months. The proceeds will fund property exploration and working capital. The company also announced board changes, with Nate Schmidt, who has 12 years of exploration experience including lithium projects in James Bay, joining as director, while Jaap Verbaas has resigned from the board.
Discovery Lithium Inc. (CSE:DCLI)(OTCQB:DCLIF) ha completato il suo collocamento privato non intermediato, raccogliendo $550,014.79 attraverso l'emissione di 10.000.249 unità a $0,055 per unità. Ogni unità include un'azione comune e un warrant, esercitabile a $0,10 per azione per 24 mesi. I proventi finanzieranno l'esplorazione delle proprietà e il capitale circolante. L'azienda ha anche annunciato cambiamenti nel consiglio, con Nate Schmidt, che vanta 12 anni di esperienza nel settore delle esplorazioni, inclusi progetti di litio a James Bay, che entra a far parte del consiglio, mentre Jaap Verbaas ha rassegnato le dimissioni dal consiglio.
Discovery Lithium Inc. (CSE:DCLI)(OTCQB:DCLIF) ha completado su colocación privada no mediada, recaudando $550,014.79 a través de la emisión de 10,000,249 unidades a $0.055 por unidad. Cada unidad incluye una acción ordinaria y un warrant, que se puede ejercer a $0.10 por acción durante 24 meses. Los fondos se destinarán a la exploración de propiedades y al capital de trabajo. La empresa también anunció cambios en la junta, con Nate Schmidt, quien tiene 12 años de experiencia en exploración, incluidos proyectos de litio en James Bay, que se une como director, mientras que Jaap Verbaas ha renunciado a la junta.
Discovery Lithium Inc. (CSE:DCLI)(OTCQB:DCLIF)는 비중개 사모 배치 거래를 완료하고, $550,014.79을 모금하여 한 개당 $0.055로 10,000,249 유닛을 발행했습니다. 각 유닛에는 한 주식과 24개월 동안 주당 $0.10에 행사 가능한 워런트가 포함되어 있습니다. 모금된 자금은 자산 탐사 및 운영 자본을 지원하는 데 사용됩니다. 또한 Nate Schmidt가 이사로 합류하게 되었으며, 그는 제임스 베이에서의 리튬 프로젝트를 포함하여 12년의 탐사 경험을 보유하고 있으며, Jaap Verbaas는 이사직에서 사임했습니다.
Discovery Lithium Inc. (CSE:DCLI)(OTCQB:DCLIF) a complété son placement privé sans courtier, levant $550,014.79 par l'émission de 10 000 249 unités à 0,055 $ par unité. Chaque unité comprend une action ordinaire et un bon de souscription, exerçable à 0,10 $ par action pendant 24 mois. Les fonds serviront à l'exploration de propriétés et à des besoins de fonds de roulement. L'entreprise a également annoncé des changements au sein du conseil d'administration, avec Nate Schmidt, qui possède 12 ans d'expérience dans l'exploration, notamment sur des projets de lithium à James Bay, rejoignant le conseil en tant que directeur, tandis que Jaap Verbaas a démissionné du conseil.
Discovery Lithium Inc. (CSE:DCLI)(OTCQB:DCLIF) hat seine nicht vermittelte Privatplatzierung abgeschlossen und $550,014.79 durch die Emission von 10.000.249 Einheiten zu je $0.055 aufgebracht. Jede Einheit umfasst eine Stammaktie und eine Warrant, die für 24 Monate zu $0.10 pro Aktie ausgeübt werden kann. Die Erlöse werden für die Exploration von Liegenschaften und für Betriebskapital verwendet. Das Unternehmen gab auch Änderungen im Vorstand bekannt, mit Nate Schmidt, der über 12 Jahre Erfahrung in der Exploration, einschließlich Lithiumprojekten in James Bay, verfügt und als Direktor eintritt, während Jaap Verbaas aus dem Vorstand ausgeschieden ist.
- Secured $550,014.79 in fresh capital through private placement
- Added experienced lithium exploration expert Nate Schmidt to board of directors
- Significant shareholder dilution through issuance of 10,000,249 new units
- Low unit pricing at $0.055 indicates weak market valuation
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESSWIRE / November 6, 2024 / Discovery Lithium Inc. (CSE:DCLI)(OTCQB:DCLIF)(FRA:Q3Q0) (WKN:A3EFKA) (the "Company," or "Discovery Lithium"), a Canadian exploration company focused on advancing domestic energy freedom through regional lithium discovery, is pleased to announce the closing of its previously announced non-brokered private placement pursuant to which the Company issued an aggregate of 10,000,249 units of the Company (the "Units") at a price of
All securities issued pursuant to the Offering are subject to a statutory hold period of four (4) months and a day from the Closing. There was no insider participation in the Offering.
None of the securities sold in connection with the Offering are registered under the United States Securities Act of 1933, as amended, and no such securities were offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Board Updates
The Company is also pleased to announce the appointment of Mr. Nate Schmidt to its board of directors.
Mr. Schmidt has over 12 years of experience with exploration projects ranging from early to advanced stage programs. He has planned and managed multi-drill programs and ground geological programs for a variety of commodities located across Canada. Since 2016, Mr. Schmidt has been actively involved in lithium exploration in the James Bay district, gaining valuable experience and insights into the region's resource potential, communities and regulatory climate. Mr. Schmidt has significant experience throughout his career producing geological models in Leapfrog Geo for projects at various stages, complexity, and commodity type. He has authored numerous technical and assessment reports for projects in several provinces. His commodity experience has been focused on lithium-cesium-tantalum (LCT type) pegmatites, porphyry Cu-Mo, carbonate replacement (Pb-Zn-Cu-Ag), carbonatite hosted rare earth elements and niobium/tantalum, cobalt, metallurgical coal and uranium, in both North America and Africa.
In related news, Mr. Jaap Verbaas has resigned as a director of the Company, effective immediately. The Company thanks him for his dedication and offers him best wishes for future endeavors.
For more information please visit: www.discoverylithium.com.
About Discovery Lithium (CSE:DCLI)(OTCQB:DCLIF)(FRA:Q3Q0)(WKN: A3EFKA)
Discovery Lithium Inc. is a Canadian exploration company focused on advancing mineral resource projects in North America. The Company holds a
On behalf of the Board of Directors,
Mike Hodge
Chief Executive Officer
The Company would like to welcome investors to visit our website and join our mailing list at www.discoverylithium.com/news-alerts/. By subscribing you will stay up to date with the latest news releases and advancements within our company.
For further information, please contact:
Discovery Lithium Inc.
1450 - 789 West Pender Street,
Vancouver, BC Canada V6C 1H2
Telephone: +1 (778) 868-2226
Email: info@discoverylithium.com
Web: www.discoverylithium.com
Caution Regarding Forward-Looking Information
Certain statements contained in this news release may constitute "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", "potential", "indicative" and similar expressions. Forward-looking information in this news release includes, but is not limited to, the Offering, including the timing, terms and anticipated use of proceeds from the Offering, the timely receipt of all necessary approvals for the Offering, and other statements regarding the Company's future business plans and objectives. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. The Company's actual results could differ materially from those anticipated in this forward-looking information as a result of risks and uncertainties inherent in the exploration and development of mineral properties, fluctuations in commodity prices, counterparty risk, market conditions, regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company's strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
Neither the Canadian Securities Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this news release.
SOURCE: Discovery Lithium Inc.
View the original press release on accesswire.com
FAQ
How much did Discovery Lithium (DCLIF) raise in its November 2023 private placement?
What are the terms of Discovery Lithium's (DCLIF) November 2023 warrant offering?
Who is the new board director appointed at Discovery Lithium (DCLIF)?
