American Lithium closes $4.50-million private placement
2018-09-20 16:28 ET – News Release
Mr. Michael Kobler reports
AMERICAN LITHIUM RAISES $4,502,600 IN PRIVATE PLACEMENT
American Lithium Corp. has closed its previously announced private placement.
The private placement consisted of the issuance of 11,256,500 units at a price of 40 cents per unit for gross proceeds of $4,502,600. Each unit consists of one common share of the company and one-half common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at a price of 75 cents per share for a period of 24 months from the closing date.
Finders’ fees of 7-per-cent cash and 7-per-cent warrants were paid in connection with completion of the placement to parties who assisted with the introduction of subscribers to the offering. All securities issued in connection with the placement are subject to a four-month-and-one-day statutory hold period.
We seek Safe Harbor.
https://www.americanlithiumcorp.com/news/
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