Mr. Steven Cochrane reports
LITHIUM CHILE ANNOUNCES LIFE OFFERING OF UP TO $5,000,000
Lithium Chile Inc. has entered an agreement with Canaccord Genuity Corp. acting as lead agent and sole bookrunner on behalf of a syndicate of agents to be formed, in connection with a best effort private placement offering of up to 10 million units of the company at a price of 50 cents per unit for aggregate gross proceeds of up to $5-million. The company has also granted the agents an option, exercisable in whole or in part at any time prior to the closing of the offering, to arrange for the sale of up to an additional 1.5 million units at the offering price, for additional gross proceeds of up to $750,000.
Each unit will consist of one common share in the capital of the company and one common share purchase warrant of the company. Each warrant will entitle the holder thereof to acquire one common share in the capital of the company at a price of 70 cents per warrant share for a period of five years following the closing of the offering.
The units will be offered for sale under the listed issuer financing exemption pursuant to Part 5A of National Instrument 45-106 (Prospectus Exemptions) as amended by Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption), in each of the provinces of Canada except Quebec. The securities issued under the listed issuer financing exemption will not be subject to a hold period pursuant to applicable Canadian securities laws.
The agents will also be entitled to offer the units for sale in the United States pursuant to available exemptions from the registration requirements of the U.S. Securities Act of 1933, as amended, and in certain other qualifying jurisdictions outside of Canada and the United States on a private placement basis provided it is understood that no prospectus filing or comparable obligation arises in such other jurisdiction.
There is an offering document related to the offering that can be accessed under the company's profile at SEDAR+ and on the company's website. Prospective investors should read the offering document before making an investment decision.
The net proceeds of the offering will be used to advance the company's existing mineral properties in Argentina and Chile, for general and administrative expenses, and for working capital purposes, as further described in the offering document.
The offering is expected to close on or about Oct. 7, 2025, or such other date as may be determined by the company and the agents, and is subject to the company receiving all necessary regulatory approvals, including the approval of the TSX Venture Exchange.
About Lithium Chile Inc.
Lithium Chile is an exploration company with a portfolio of 11 properties spanning 107,936 hectares in Chile and 29,245 hectares on the salar de Arizaro in Argentina. The company has advanced its Arizaro project with the completion of a National Instrument 43-101 technical report, a preliminary economic assessment and then a prefeasibility study, all of which are accessible at SEDAR+ under Lithium Chile's profile.
Lithium Chile's common shares are listed on the TSX Venture Exchange under the symbol LITH and on the OTCQB under the symbol LTMCF.
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