Rodinia Lithium Closes Strategic Private Placement

Rodinia Lithium Inc. (TSXV:RM) reports that it has closed its previously announced non-brokered private placement.

The press release is quoted as saying:

Rodinia intends to use the net proceeds from this private placement to continue the development of its key projects and for working capital purposes.

Rodinia Lithium’s President and CEO, Will Randall says:

We expect that these funds, along with funds previously raised, will allow us to aggressively pursue development of Diablillos and to further our goal of delineating an NI 43-101 compliant resource on the property in the coming months. We are excited by the opportunity to work and consult with a leading lithium carbonate end user to unlock the value of our flagship Diablillos and Clayton Valley projects for the benefit of all Rodinia shareholders. It was a pleasure to have representatives of Shanshan visit our Diablillos property last month and we hope to continue developing our relationship.”

Click here to access the entire press release.

Click here to access Rodinia Lithium’s company profile.