LSC Lithium Announces Update On Rights Offering

LSC Lithium (TSXV:LSC) announced today that the record date in respect of its previously announced rights offering will be August 27, 2018.

As quoted in the press release:

As announced by LSC on August 16, 2018, each shareholder as of the record date will be issued 0.16142 of one right (each whole right, a “right”) for each share held on the record date, entitling the holder to purchase one unit of the company (“unit”) for each Right at a price of C$0.40 per Unit. Each unit shall be comprised of one share and one-half of one Share purchase warrant (“warrant”). Each whole warrant will entitle the holder to purchase one share at a price of C$0.55 for a period of 18 months from closing of the rights offering. The aggregate gross proceeds of the rights offering are expected to be up to C$9.2 million.

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