Argentina Lithium Shakes Up Funding with Exclusive Private Placement Offer
Argentina Lithium Announces Non-Brokered Private Placement Using the Listed Issuer Financing Exemption
Argentina Lithium Corp. (TSX-V: LIT) (Argentina Lithium or the Company) is pleased to announce that it has arranged a non-brokered private placement of up to 6,000,000 units of the Company at a price of $0.05 per unit for gross proceeds of up to $300,000 (the Offering). The Offering will be conducted in reliance on the TSX Venture Exchange (TSX-V) Listed Issuer Financing Exemption and is subject to TSX-V approval.
Each unit in the Offering will consist of one common share (a Common Share) and one-half of one Common Share purchase warrant. Each whole Common Share purchase warrant will entitle the holder to purchase one additional Common Share at a price of $0.10 per Common Share for a period of 24 months from the closing date of the Offering.
The net proceeds from the Offering will be used for general working capital purposes and to advance the Company’s exploration projects in Argentina. The Offering is expected to close on or about [date], 2022, or such other date as the Company may determine.
The securities issued under the Offering will be subject to a hold period expiring four months and one day from the closing date of the Offering in accordance with applicable securities laws. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.
Argentina Lithium is a mineral exploration company focused on the acquisition and development of lithium projects in Argentina. The Company’s flagship project is the [Project Name] project located in [Location], Argentina. Argentina Lithium is actively exploring and developing its projects to create long-term value for its shareholders.
This news release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States or in any other jurisdiction where such offer or solicitation is unlawful.
For further information, please contact Argentina Lithium at [contact information] or visit the Company’s website at [company website].
ON BEHALF OF THE BOARD
[CEO/President Name]
President & CEO
This news release may contain certain Forward-Looking Statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words anticipate, believe, estimate, expect, target, plan, forecast, may, schedule and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, and other factors or information.