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 non-brokered private placement (the Private Placement) using the listed issuer financing exemption available under the policies of the TSX Venture Exchange (the TSXV). This amendment, approved by the TSXV, will allow the Company to proceed with the Private Placement under revised terms to better accommodate the current market conditions and investor interest.
The Private Placement will now consist of up to 30,000,000 units (Units) at a price of $0.05 per Unit, with each Unit comprised of one common share and one transferable common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of $0.10 for a period of 24 months following the closing date of the Private Placement.
The Company intends to use the proceeds from the Private Placement for general working capital purposes and to advance its lithium exploration projects in Argentina. With the increasing global demand for lithium, particularly in the electric vehicle and renewable energy sectors, Argentina Lithium is strategically positioned to capitalize on the opportunity presented by its high-quality lithium assets in Argentina.
Argentina Lithium’s management team and board of directors are excited about the potential for growth and value creation that the Private Placement will bring. The Company is committed to responsible and sustainable exploration and development practices, ensuring that its operations benefit not only its shareholders but also the local communities and environment in which it operates.
Investors interested in participating in the Private Placement are encouraged to contact the Company or its appointed agents for further details and subscription documents. This amended Private Placement provides an attractive opportunity for investors to gain exposure to the growing lithium market through an established and well-managed company like Argentina Lithium.
In conclusion, Argentina Lithium Corp.’s announcement of the amendment to the terms of its non-brokered private placement marks a significant step forward in its growth strategy and commitment to unlocking the value of its lithium assets in Argentina. With the revised terms providing a more attractive investment opportunity, the Company is well-positioned to capitalize on the increasing demand for lithium and deliver value to its shareholders.
For further information on the Private Placement and Argentina Lithium Corp.’s projects and developments, interested parties can visit the Company’s website or contact its investor relations team.