Canada Lithium Corp (TSX:CLQ) announced that it entered into an agreement with underwriters to acquire common shares worth $20M on a bought-deal basis.

As quoted in the press release:

The Company will use the proceeds to fund initial stages of several previously announced capital projects, including lithium hydroxide and sodium sulphate circuits, preliminary engineering/design of a lithium metal pilot plant, a natural gas pipeline and for working capital and general corporate purposes.

Click here to read the full Canada Lithium Corp (TSX:CLQ) press release.