Consolidated Lithium Metals Closes Final Tranche of Flow-Through Private Placement Financing
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TORONTO, Aug. 10, 2023 (GLOBE NEWSWIRE) — Consolidated Lithium Metals Inc. (TSXV: CLM | OTCQB: JORFF | FRA: Z36) (“CLM” or the “Company“) is pleased to announce that it has closed its third and final tranche of a previously announced non-brokered private placement financing of common shares of the Company issued on a flow-through basis (each, a “Flow-Through Share”) at a price of $0.08 per Flow-Through Share (the “Offering”) for proceeds of $1,000,000 (the “Final Tranche”). In total, an aggregate of 21,250,000 Flow-Through Shares were issued by the Company pursuant to the Offering for proceeds of $1.7 million. For more information about the Offering and the first tranche and second tranche closings (the “Prior Tranches”), please see the Company’s press releases dated May 24, 2023, June 12, 2023, and June 26, 2023, and July 20, 2023, which are available under the Company’s SEDAR profile at www.sedar.com.