Chilean mining company, Lithium Chile, announces a capital raise of up to 5 million USD via a life offering.
Lithium Chile Inc. Announces Private Placement Offering
Lithium Chile Inc. (TSX-V: LITH, OTCQB: LTMCF) has announced a private placement offering, in collaboration with Canaccord Genuity Corp., that could potentially raise up to $5,000,000 in gross proceeds.
The offering involves the sale of up to 10,000,000 units at a price of $0.50 per unit. Each unit consists of one common share and one common share purchase warrant. The securities issued under the listed issuer financing exemption will not be subject to a hold period pursuant to applicable Canadian securities laws.
The units will be offered for sale under the listed issuer financing exemption in Canada, except in Quebec. The company has granted the agents an option to arrange for the sale of up to an additional 1,500,000 units, potentially raising an additional $750,000.
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 working capital purposes. The closing of the offering is expected on or about October 7, 2025, and is subject to regulatory approvals, including the approval of the TSX Venture Exchange.
Lithium Chile Inc. is an exploration company with a total of 137,181 hectares of properties in Chile and Argentina. The company has successfully advanced its Arizaro project, completing an NI 43-101 technical report, a Preliminary Economic Assessment, and a Prefeasibility Study. These reports are accessible at www.sedarplus.ca.
The forward-looking statements in this press release are subject to various risks and uncertainties, including the timing of the closing of the offering, the intended use of net proceeds, and the receipt of all required approvals. The company has issued a cautionary statement regarding forward-looking statements, including potential risks and uncertainties that could cause actual results to differ from those reflected in the forward-looking statements.
The offering document related to the offering can be accessed on the company's profile at www.sedarplus.ca and on the company's website at www.lithiumchile.ca. Contact information for Steven Cochrane, President and CEO, and Michelle DeCecco, COO, is provided for further inquiries.
As for the financing participants in the October 2025 capital raising, no specific details about the source or nature of the financing were found in the available search results.
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