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Lithium Ionic in C$25 million private placement offering

Lithium Ionic has launched a “best efforts” private placement aimed at raising up to C$25 million (US$18.7 million) to be used towards exploration and development work on the company’s Itinga project in Minas Gerais Province, Brazil.
Lithium Ionic in C$25 million private placement offering Lithium Ionic in C$25 million private placement offering Lithium Ionic in C$25 million private placement offering Lithium Ionic in C$25 million private placement offering Lithium Ionic in C$25 million private placement offering

The company’s share price was C$1.66 on 20 September with a market capitalisation of C$167.32 million.

The agreement is with Clarus Securities and involves the private placement of up to about 15.63 million shares to be priced at C$1.60 per share.

The company's share price was C$1.66 on 20 September with a market capitalisation of C$167.32 million.