Lithic Resources Closes Private Placement

Lithic Resources Ltd. (TSXV:LTH) closed its previously announced $180,000 private placement.

As quoted in the press release:

Closing of the financing is subject to all regulatory approvals, including the final approval of the TSX Venture Exchange. The securities issued in connection with the financing will bear a four-month restriction on resale ending on March 12, 2014. Proceeds of the placement will be used for completion of an ongoing Preliminary Economic Assessment of the West Desert Project and general corporate purposes.

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