Argentina Lithium & Energy Corp. (TSXV: LIT) is undertaking a non-brokered private placement financing of up to 24,000,000 units at a price of $0.25 per unit for gross proceeds of $6,000,000.
Each Unit will consist of one common share and one transferrable common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at $0.40 per share for two years from the date of issue.
The proceeds of the financing will be used for general working capital and exploration on its properties in Argentina.
About Argentina Lithium
Argentina Lithium & Energy Corp is focused on advancing high quality lithium projects in Argentina toward production in order to meet the growing global demand from the battery sector.
The company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993. The Grosso Group has a long history of success in the resource sector of Argentina and has assembled a first-rate team of experts to acquire and advance the best lithium properties in the “Lithium Triangle”
For further information please visit: https://argentinalithium.com
