Argentina Lithium Shakes Up Funding with Exclusive Private Placement Opportunity
Argentina Lithium Corp. (the “Company”) is pleased to announce a non-brokered private placement offering of up to 10,000,000 units at a price of $0.05 per unit for gross proceeds of up to $500,000. The private placement is being offered pursuant to the Listed Issuer Financing Exemption as set out in section 5.1 of National Instrument 45-106 – Prospectus Exemptions.
Each unit will consist of one common share of the Company and one common share purchase warrant. Each warrant will entitle the holder to purchase an additional common share at a price of $0.10 per share 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 exploration and development projects in Argentina. Argentina Lithium Corp. is focused on the exploration and development of lithium projects in Argentina, a country known for its significant lithium resources and favorable mining jurisdiction.
This private placement represents a strategic opportunity for investors to participate in the growth potential of Argentina Lithium Corp. as it advances its projects and capitalizes on the increasing demand for lithium in various industries, including electric vehicles and renewable energy storage.
It is worth noting that the common shares and warrants issued pursuant to the private placement will be subject to a statutory hold period of four months and one day from the closing date. The private placement is subject to regulatory approval, including the approval of the TSX Venture Exchange.
In conclusion, the non-brokered private placement offering by Argentina Lithium Corp. presents an attractive investment opportunity for investors looking to gain exposure to the growing lithium market. With a clear focus on advancing its projects in Argentina and leveraging the country’s rich lithium resources, the Company is well-positioned to create long-term value for its shareholders. Interested investors are encouraged to review the offering details and consider participating in this exciting opportunity.