Alpha Lithium prospectus offering, warrant listing
2021-02-22 16:46 MT - Prospectus Approved
Alpha Lithium Corp. has closed its financing pursuant to its final short form prospectus dated Feb. 12, 2021, which was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the securities commissions of each of the provinces of British Columbia, Alberta and Ontario on Feb. 16, 2021, pursuant to the provisions of the applicable securities acts.
The TSX Venture Exchange has been advised that the offering closed on Feb. 19, 2020, for gross proceeds of $23,008,050 (which includes exercise of the overallotment option defined below).
Offering: 24.7 million units (Each unit consists of one common share of Alpha Lithium and one common share purchase warrant, where each warrant entitles the holder to acquire one additional share at a price of $1.10 per common share for a period of 24 months following closing, subject to adjustment in certain circumstances.)
Unit price: 81 cents
Effective at the opening, Wednesday, Feb. 24, 2021, 28,405,000 warrants of the company will commence trading on the TSX Venture Exchange. The company is classified as a mineral exploration company.
Corporate jurisdiction: British Columbia
Capitalization: 28,405,000 warrants with no par value, of which 28,405,000 warrants are issued and outstanding
Trading symbol: ALLI.WT
Cusip No.: 02075W 12 1
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