Consolidated Lithium Announces $3,000,000 Private Placement Financing
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TORONTO, Nov. 01, 2023 (GLOBE NEWSWIRE) — CONSOLIDATED LITHIUM METALS INC. (TSXV: CLM | OTCQB: JORFF | FRA: Z36) (“Consolidated Lithium” or the “Company“) announces that it intends to complete a best efforts non-brokered private placement financing of up to 50,000,000 units (each, a “Unit”) at a price of $0.06 per Unit for gross proceeds of up to $3,000,000 (the “Offering”). Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.08 for a period of 36 months from issuance.