Discovery Lithium Announces Non-Brokered Private Placement Financing
Discovery Lithium has announced a non-brokered private placement offering of up to 10 million units at $0.10 per unit, aiming to raise gross proceeds of up to $1 million. Each unit consists of one common share and one transferable share purchase warrant, exercisable at $0.15 per share for 24 months from issuance. The proceeds will be used for general working capital and property exploration. The offering is subject to regulatory approvals and includes a four-month statutory hold period for issued securities.
Discovery Lithium ha annunciato un'offerta di collocamento privato non intermediato fino a 10 milioni di unità a $0,10 per unità, con l'obiettivo di raccogliere proventi lordi fino a $1 milione. Ogni unità consiste in un'azione comune e un warrant per l'acquisto di azioni trasferibile, esercitabile a $0,15 per azione per 24 mesi dall'emissione. I proventi saranno utilizzati per capitale di esercizio generale e esplorazione immobiliare. L'offerta è soggetta all'approvazione regolamentare e include un periodo di blocco statutario di quattro mesi per i titoli emessi.
Discovery Lithium ha anunciado una oferta de colocación privada no intervenida de hasta 10 millones de unidades a $0,10 por unidad, con el objetivo de recaudar ingresos brutos de hasta $1 millón. Cada unidad consta de una acción común y un warrant transferible para la compra de acciones, que se puede ejercitar a $0,15 por acción durante 24 meses a partir de su emisión. Los ingresos se utilizarán para capital de trabajo general y exploración de propiedades. La oferta está sujeta a aprobaciones regulatorias e incluye un período de bloqueo estatutario de cuatro meses para los valores emitidos.
Discovery Lithium는 1주당 $0.10으로 최대 1,000만 개의 단위를 비중개 방식으로 사모하겠다고 발표하며, 최대 $1백만의 총 수익을 목표로 하고 있습니다. 각 단위는 하나의 보통주와 하나의 이전 가능한 주식 매입 워런트로 구성되며, 발행일로부터 24개월 동안 주당 $0.15로 행사할 수 있습니다. 수익금은 일반 운영 자금 및 자산 탐사에 사용될 것입니다. 이 제안은 규제 승인을 받으며, 발행된 증권에 대해 4개월의 법정 보유 기간이 포함됩니다.
Discovery Lithium a annoncé une offre de placement privé non intermédiée d'un maximum de 10 millions d'unités à $0,10 par unité, visant à lever des produits bruts pouvant atteindre 1 million $. Chaque unité est composée d'une action ordinaire et d'un bon de souscription d'actions transférable, exerçable à $0,15 par action pendant 24 mois à compter de l'émission. Les produits seront utilisés pour le capital de travail général et l'exploration de propriétés. L'offre est soumise à l'approbation des autorités réglementaires et comprend une période de blocage légale de quatre mois pour les titres émis.
Discovery Lithium hat eine nicht vermittelte Privatplatzierung von bis zu 10 Millionen Einheiten zu je 0,10 $ pro Einheit angekündigt, mit dem Ziel, Bruttoeinnahmen von bis zu 1 Million $ zu erzielen. Jede Einheit besteht aus einer Stammaktie und einem übertragbaren Aktienwarrant, der für 24 Monate ab Ausgabe zu 0,15 $ pro Aktie ausgeübt werden kann. Die Einnahmen werden für allgemeines Betriebskapital und Grundstückserkundung verwendet. Das Angebot unterliegt den behördlichen Genehmigungen und umfasst eine gesetzliche Haltedauer von vier Monaten für ausgegebene Wertpapiere.
- Raising up to $1 million in new capital
- Warrant exercise could provide additional future funding at $0.15 per share
- Potential dilution for existing shareholders through new share issuance
- 15-cent warrant strike price represents 50% premium to current offering price
VANCOUVER, BC / ACCESSWIRE / November 12, 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 that it intends to complete a non-brokered private placement of up to 10,000,000 units of the Company ("Units") at a price of
The gross proceeds from the Offering are expected to be used for general working capital and property exploration. The closing of the Offering is subject to certain conditions including, but not limited to, receipt of all necessary regulatory approvals. The Company may pay finder's fees in connection with the Offering. All securities issued in connection with the Offering will be subject to a statutory hold period of four months and one day pursuant to applicable securities law.
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
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