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    Lithic Announces Private Placement

    Investing News Network
    Jul. 19, 2012 02:59PM PST
    Company News

    Lithic Resources Ltd. (TSXV:LTH) has agreed to a non-brokered private placement by a small group of strategic investors.

    Lithic Resources Ltd. (TSXV:LTH) has agreed to a non-brokered private placement by a small group of strategic investors.

    As quoted in the press release:

    The placement consists of 14.5 million common shares at a price of 5 cents per share for gross proceeds of $725,000. There is no commission payable. Closing of the financing is expected to occur on or before July 27, 2012 and is subject to all regulatory approvals, including the approval of the TSX Venture Exchange.

    Click here to read the Lithic Resources Ltd. (TSXV:LTH) press release

    See this press release on Marketwire

    lithic resourcesprivate placementtsxv:lth
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