Lithium Chile Increases Life Offering to a Maximum of $7,000,000
Offering Details: Lithium Chile Inc. has announced an oversubscribed private placement, increasing the offering to up to 14 million units at $0.50 each, aiming for gross proceeds of up to $7 million, with an option for an additional 1.95 million units.
Use of Proceeds: The net proceeds from the offering will be utilized to advance the company's mineral properties in Argentina and Chile, along with covering general administrative expenses and working capital.
Regulatory Compliance: The offering will be conducted under the Listed Issuer Financing Exemption in Canada, excluding Québec, and may also be offered in the U.S. under certain exemptions, with no public offering being made in the U.S.
Forward-Looking Statements: The announcement includes forward-looking statements regarding the offering's terms and timing, which are subject to various risks and uncertainties that could affect actual outcomes.
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