Argentina Lithium Shakes Up Private Investment Deal with Exciting New Terms!
Argentina Lithium Corp. (TSX-V:LIT) (Argentina Lithium or the Company) announces that it has amended the terms of its previously announced non-brokered private placement offering (the Offering). The Offering will now be conducted pursuant to the listed issuer financing exemption under the TSX Venture Exchange Policies.
Under the amended terms of the Offering, Argentina Lithium will offer up to 17,000,000 units (the Units) at a price of $0.10 per Unit, for gross proceeds of up to $1,700,000. Each Unit will consist of one common share in the capital of Argentina Lithium (a Common Share) and one Common Share purchase warrant (a Warrant). Each Warrant will entitle the holder to purchase one Common Share at a price of $0.15 per share for a period of 24 months from the closing date of the Offering.
The Company intends to use the net proceeds from the Offering for general working capital purposes and to advance its projects in Argentina. The Offering is subject to TSX Venture Exchange acceptance. All securities issued in connection with the Offering will be subject to a statutory hold period of four months and one day from the closing date.
Argentina Lithium is a mineral exploration company focused on acquiring and advancing lithium projects in Argentina. The Company’s flagship project is the Arizaro Lithium Project, located in the Salta province of Argentina. The Arizaro Lithium Project covers approximately 20,500 hectares and is strategically located in the heart of the Lithium Triangle, which is home to some of the world’s largest lithium producers.
The Company’s management team has extensive experience in the exploration and development of lithium projects, and they are committed to creating value for shareholders through the discovery and advancement of high-quality lithium assets. Argentina Lithium’s exploration strategy is focused on targeting lithium-rich brine deposits, which have the potential to become strategic sources of lithium supply in the future.
In conclusion, the amended terms of the non-brokered private placement Offering by Argentina Lithium Corp. represent a strategic move to raise funds to advance its lithium projects in Argentina. With a strong management team and a focus on lithium exploration in the prolific Lithium Triangle, Argentina Lithium is well-positioned to capitalize on the growing demand for lithium in the global market. Investors looking for exposure to the lithium sector may consider Argentina Lithium as a promising investment opportunity.