Vision Lithium Announces Non-Brokered Private Placement for Gross Proceeds of up to $2,000,000
Val-d’Or, Quebec, – Vision Lithium Inc. (TSXV: VLI) (OTC PINK: ABEPF) (the “Company” or “Vision Lithium”) is pleased to announce a proposed non-brokered private placement of up to 100,000,000 units of the Company (the “Units”) at a price of $0.02 per Unit for aggregate gross proceeds of up to $2,000,000 (the “Offering”). Each Unit will consist of one common share of the Company (a “Share”) and one common share purchase warrant (a “Warrant”), with each Warrant entitling the holder thereof to purchase one Share at price of $0.05 per Share for a period of 3 years following the closing of the Offering.
The Company intends to use the proceeds of the Offering for exploration of certain of its properties and for general corporate and working capital purposes.
The Company may pay finders’ fees in connection with the Offering in cash, shares, warrants or a combination thereof. All securities to be issued under the Offering will be subject to a hold period of four months and one day from their date of issuance. The Offering remains subject to the approval of the TSX Venture Exchange.
The offered securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
About Vision Lithium Inc.
Vision Lithium Inc. is a junior exploration company focused on exploring and developing high quality mineral assets including gold, copper and lithium in safe jurisdictions, primarily in Canada. The Company is led by skilled and qualified mineral exploration experts and business professionals. Vision Lithium is committed to discovering new world class assets and bringing these assets to production, starting with the Dôme Lemieux copper-zinc property in Quebec’s Gaspé region, its polymetallic properties in New Brunswick, and the Sirmac lithium property located in Northern Quebec.
For further information on the Company, please visit our website at www.visionlithium.com or contact us at [email protected]