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Canada Lithium Closes $15 Million Public Offering Amid Tough Market
Mar. 25, 2013 05:03PM PST
Battery MetalsMining Weekly announced that in spite of the tough market, Canada Lithium was able to close a $15M public offering, issuing 20.55-million units at 73c each.
Mining Weekly announced that in spite of the tough market, Canada Lithium was able to close a $15M public offering, issuing 20.55-million units at 73c each.
As quoted in the market news:
Canada Lithium said it intended to use the net proceeds of the offering to fund the initial stages of several capital projects, to conduct preliminary bench-scale pilot plant work and preliminary engineering in the context of a feasibility study for its lithium metal pilot plant and for working capital purposes during the commissioning stages of the Québec lithium project.
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